HomeDanish PoliticsDanish Government to Strengthen Anti-Money Laundering Efforts with New Law

Danish Government to Strengthen Anti-Money Laundering Efforts with New Law

“The government intends to strengthen the efforts against money laundering through client accounts with a new bill,” stated Minister of Justice Peter Hummelgaard. After the summer break, the government will present a bill aimed at enhancing the control of money laundering through client accounts. This initiative follows the TV 2 documentary “The Black Swan,” where collaboration between criminals, lawyers, and businessmen in fraud schemes was exposed. Peter Hummelgaard announced the plan during a press conference on Monday alongside five other ministers. The minister’s announcement came after a meeting with all parties in the Danish Parliament, where new measures against money laundering were discussed. Hummelgaard emphasized the need to review current curator rules, which allow a person to appoint their own curator in bankruptcy cases for a fee. He promised changes in this area and mentioned that the government will examine various aspects of client accounts and self-requested curators.

Minister of Business Morten Bødskov supplemented by emphasizing the importance of digitization in the fight against economic crime. He explained that digitization is crucial to prevent criminals from abusing the system. Bødskov also mentioned that new legislation regarding digital accounts is being implemented to ensure that accounts can no longer disappear or be destroyed as they have in the past. Despite the Socialist People’s Party (SF) having a strong desire to advance negotiations on a new police agreement, the Minister of Justice rejected that this is currently on the agenda but did not rule out the possibility of future discussions.

The government’s initiatives mark a strengthened effort against money laundering and economic crime, where both legislation and digitalization play central roles in the upcoming steps.”

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