March 22, 2019 / 1:52 PM / 7 months ago

Norway's FSA finds gaps in banks' anti-money laundering measures

OSLO (Reuters) - Several banks operating in Norway made insufficient anti-money laundering risk assessments last year, the country’s Financial Supervisory Authority (FSA) said in its annual report on Friday.

While the FSA listed the banks that had been inspected, its report did not say which were found to have shortcomings.

Last November, the FSA criticized DNB, Norway’s largest bank, for not having sufficient systems in place to combat money laundering.

A DNB spokesman said then that it gave high priority to fighting economic crime and that the FSA audit had not uncovered any concrete examples of money laundering.

A number of banks have been dragged into a scandal involving Danske Bank, whose Estonian branch was used for some 200 billion euros ($227 billion) of suspicious payments between 2007 and 2015.

Reporting by Terje Solsvik; Editing by David Goodman and Alexander Smith

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