{
  "title": "Denmark: Selected Issues",
  "publication": "IMF Staff Country Reports, June 25, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/06/24/denmark-selected-issues-47026",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2019/06/24/denmark-selected-issues-47026",
  "overlayPath": "/en/publications/cr/issues/2019/06/24/denmark-selected-issues-47026/index.md",
  "summary": "Considering the Danske Bank case and in the context of a highly integrated Nordic-Baltic financial sector, this Selected Issues paper compares the money laundering (ML) threats and related supervisory vulnerabilities facing the region’s largest economies, highlights Denmark’s ongoing efforts to addr",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Context: Considers the Danske Bank case within a highly integrated Nordic-Baltic financial sector.\n- Purpose: Compares money laundering (ML) threats and supervisory vulnerabilities across the region’s largest economies; highlights Denmark’s ongoing efforts; notes critical next steps; provides recommendations to maintain momentum for reform.\n- Core finding: Denmark has taken important steps to strengthen anti-money laundering and combating the financing of terrorism (AML/CFT) supervision over the last two years."
    },
    {
      "heading": "Main findings",
      "content": "- Legislative and supervisory actions taken:\n  - Amendments to the AML Act.\n  - A significant increase in supervisory resources.\n  - A concomitant increase in on-site inspections.\n- Assessment:\n  - These steps represent relevant and necessary responses to the ML risks facing Denmark.\n  - The key policy objective is to maintain and build on the momentum Denmark has already established."
    },
    {
      "heading": "Implementation challenges and timing",
      "content": "- Capacity building:\n  - The skills of newly hired inspectors will take time to build.\n- Institutional development:\n  - The elaboration of a comprehensive institutional risk assessment model will take time to complete.\n  - The development of an AML/CFT supervisory manual will take time to complete.\n- International cooperation:\n  - Strengthened working relationships with foreign counterparts will take time to establish and operationalize."
    },
    {
      "heading": "Policy recommendations (implied actions)",
      "content": "- Maintain and build on recent reforms and increased supervisory activity.\n- Continue to invest in inspector training and capacity development.\n- Finalize and operationalize a comprehensive institutional risk assessment model.\n- Develop and implement an AML/CFT supervisory manual.\n- Strengthen working relationships and operational cooperation with foreign counterparts.\n\n---\n\n Content in this bundle\n\n- Denmark Selected Issues;  IMF Country Report No. 19/179;  June 2019\n  - Denmark Selected Issues;  IMF Country Report No. 19/179;  June 2019 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Denmark Selected Issues;  IMF Country Report No. 19/179;  June 2019 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2019/06/24/denmark-selected-issues-47026/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2019/06/24/denmark-selected-issues-47026/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2019/06/24/denmark-selected-issues-47026/bundle-manifest.json)",
    "Published: June 25, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498321136.002",
    "Context: Considers the Danske Bank case within a highly integrated Nordic-Baltic financial sector.",
    "Purpose: Compares money laundering (ML) threats and supervisory vulnerabilities across the region’s largest economies; highlights Denmark’s ongoing efforts; notes critical next steps; provides recommendations to maintain momentum for reform.",
    "Core finding: Denmark has taken important steps to strengthen anti-money laundering and combating the financing of terrorism (AML/CFT) supervision over the last two years.",
    "Legislative and supervisory actions taken:",
    "Assessment:",
    "Capacity building:",
    "Institutional development:",
    "Maintain and build on recent reforms and increased supervisory activity.",
    "Continue to invest in inspector training and capacity development.",
    "Finalize and operationalize a comprehensive institutional risk assessment model.",
    "Develop and implement an AML/CFT supervisory manual.",
    "Strengthen working relationships and operational cooperation with foreign counterparts.",
    "**Denmark Selected Issues;  IMF Country Report No. 19/179;  June 2019**"
  ],
  "related": [
    {
      "title": "Denmark Selected Issues;  IMF Country Report No. 19/179;  June 2019",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2019/1dnkea2019002.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2019/1dnkea2019002.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2019/1dnkea2019002.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2019/06/24/denmark-selected-issues-47026/index.md",
    "json": "/en/publications/cr/issues/2019/06/24/denmark-selected-issues-47026/index.json",
    "bundleManifest": "/en/publications/cr/issues/2019/06/24/denmark-selected-issues-47026/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-12T14:01:13.683Z"
}