Which authority is recorded against DNB Bank ASA?

The entry is recorded against Finanstilsynet (Norway), in the Norway jurisdiction, under the theme Customer due diligence · monitoring.

What is the current status of this entry?

Status: Administrative fine imposed. Last recorded change: 4 May 2021. The matter arose or was first recorded on 4 May 2021.

How was this matter brought to light?

Supervisory inspection. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.

Where can the primary sources for NO-2022-01 be checked?

The entry links to Reuters, 3 May 2022.

NO-2022-01 · Norway · 2022

Norwegian supervisor fines the country's largest bank over anti-money-laundering breaches

Finanstilsynet imposed an administrative fine of NOK 400 million after finding breaches of the Norwegian anti-money laundering act in the bank's customer due diligence and monitoring.

Oslo waterfront financial towers at night, illustrating the Norwegian AML fine — Illustrative image · DNB Bank ASA

Institution: DNB Bank ASA
Authority: Finanstilsynet (Norway)
Status: Administrative fine imposed
Theme: Customer due diligence · monitoring
Raised by: Supervisory inspection
Jurisdiction: Norway
Matter arose: 4 May 2021
Last recorded: 4 May 2021

What the sources record

The decision followed an inspection of the bank's anti-money-laundering framework and was reported in May 2022.

The supervisor set out the deficiencies identified and the remediation expected.

Primary sources

Reuters, 3 May 2022

Questions and answers on this entry

What does register entry NO-2022-01 record?: Norwegian supervisor fines the country's largest bank over anti-money-laundering breaches. Finanstilsynet imposed an administrative fine of NOK 400 million after finding breaches of the Norwegian anti-money laundering act in the bank's customer due diligence and monitoring.
Which authority is recorded against DNB Bank ASA?: The entry is recorded against Finanstilsynet (Norway), in the Norway jurisdiction, under the theme Customer due diligence · monitoring.
What is the current status of this entry?: Status: Administrative fine imposed. Last recorded change: 4 May 2021. The matter arose or was first recorded on 4 May 2021.
How was this matter brought to light?: Supervisory inspection. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.
Where can the primary sources for NO-2022-01 be checked?: The entry links to Reuters, 3 May 2022.

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