The Danish bank Jyske Bank will be fined 24 million Danish kronor. The reason is that the bank has not lived up to the requirements in the money laundering regulations in 35 mortgage transactions where customers bought homes in Southern Europe, the bank writes in a press release.
Jyske Bank has accepted the fine.
"We quickly corrected the specific deficiencies in the handling of the mortgages when they became known. In general, we have a strong and comprehensive focus in the group on combating financial crime and money laundering", says Jyske Bank CEO Peter Schleidt according to the press release.
Jyske Bank has, according to Schleidt, fully cooperated with Danish authorities during the process.
The mortgages that were handled incorrectly were issued before 2012, according to Jyske Bank, and the affected customers only have mortgages with the bank, no other products.
