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

14 November 2019 – Since the 2017 assessment of Denmark’s measures to tackle money laundering and terrorist financing, and their first follow-up progress report in November 2018, the country has taken a number of actions to strengthen its framework. 

Denmark has been in an enhanced follow-up process following the adoption of its mutual evaluation in 2017. In line with the FATF Procedures for mutual evaluations, the country has continued to report back to the FATF on the action it has taken to strengthen its measures to combat money laundering and terrorist financing, since its November 2018 progress report. Consequently, the FATF has re-rated the country on the following Recommendations:

1 – Assessing risks & applying a risk-based approach from partially compliant to largely compliant

34 - Guidance and feedback from partially compliant to compliant

35 – Sanctions from partially compliant to largely compliant

The report also looks at whether Denmark’s measures meet the requirements of FATF Recommendation 2 (National cooperation and coordination), which changed since their 2018 progress report. The FATF agreed to maintain the rating of largely compliant.

Today, Denmark is compliant on 6 Recommendations of the 40 Recommendations and largely compliant on 28 of them. It remains partially compliant on 6 of the 40 Recommendations.

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

Mutual Evaluation Report of Denmark - 2017

Follow-up Report of Denmark - 2018