Denmark's progress in strengthening measures to tackle money laundering and terrorist financing

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English

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Follow Up Report Denmark 2021

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Follow-Up-Report-Denmark-2021.pdf
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Denmark's progress in strengthening measures to tackle money laundering and terrorist financing

16 February 2021 - Since the 2017 assessment of Denmark’s measures to tackle money laundering and terrorist financing, and its 2018 and 2019 follow-up reports, the country has taken a number of Follow Up Report Denmark 2021

Denmark has been in an enhanced follow-up process following the adoption of its Mutual Evaluation of Denmark - 2017Follow Up Report Denmark-2019

6 - Targeted financial sanctions – terrorism & terrorist financing, from partially compliant to largely compliant
7 - Targeted financial sanctions - proliferation, from partially compliant to largely compliant
8 - Non-profit organisations,from partially compliant to largely compliant
25 - Transparency & Beneficial ownership of legal arrangements, from partially compliant to largely compliant
26 - Regulation and supervision of financial institutions, from partially compliant to largely compliant

The report also looks at whether Denmark's measures meet the requirements of FATF Recommendation 15 (New technologies), which changed since their 2019 progress report. The FATF agreed to downgrade the rating to partially compliant. Denmark has addressed some of the deficiencies identified and met some of the new criteria of R.15, but moderate deficiencies remain.
Today, Denmark is compliant on 6 of the 40 Recommendations and largely compliant on 32 of them. It remains partially compliant on 2 Recommendations.

Denmark will continue to report back to FATF on its progress.