DEN FSA issued Executive Order (Ord BEK 1046) as per Ord LBK 807, Jun. 21, 2024 on notification and registration of companies and persons in DEN FSA's AML Register.
Accordingly, DEN FSA refers to the money laundering register as the AML register.
Follows DEN GVT Dec. 2023 issued order on registration, AML register, see #193386.
Scope of Order
As per ss. 52 and 78(6), Act on Preventive Measures against Money Laundering and Terrorist Financing (Money Laundering Act), cf. Consolidated Act 807 of Jun. 21, 2024.
The executive order applies to companies and persons as per s. 1(1)(8) of Money Laundering Act must be registered with DEN FSA in order to carry out their business.
Notification of registration in the register should be made by companies and persons covered by s. 1 directly to DEN FSA for inclusion in the AML register.
Companies must provide CVR number, name and address of the company, information about the service(s) provided and listed in Appendix 1 of Money Laundering Act.
Senior management, day-to-day management and beneficial owners must provide all the information as set out in the provisions of this Executive Order on registration.
Penalties for Non-Compliance
A fine shall be imposed on a person who, intentionally or with gross negligence, violates ss. 2(1), 5(2) and 7(1), and criminal liability in some cases for companies.
This includes legal persons as per rules in Chapter 5 of the Danish Criminal Code.
Effectiveness
Executive Order will enter into force on Dec. 30, 2024.
While Executive Order 1380 of Nov. 28, 2023 on notification and registration of companies and persons in DEN FSA's anti-money laundering register is repealed.
Regulators
DEN FSA
Entity Types
Corp; Fiduciary
Reference
Ord BEK 1046, 9/20/2024; Rpl Ord 1380, 11/28/2023; Citation: Ord BEK 1046;
