This report concerns the government's anti-money laundering and counter-terrorist financing effort.
The purpose of the study is to assess whether the anti-laundering and counter-terrorist financing effort made by the Ministry of Business, Industry and Financial Affairs, the Ministry of Justice and the Ministry of Taxation has been effective. The report answers the following questions:
- Have the Ministry of Business, Industry and Financial Affairs, the Ministry of Justice and the Ministry of Taxation supported the obliged entities in their effort to detect and notify the Money Laundering Secretariat of suspicious transactions that could be linked to money laundering and financing of terrorism?
- Has the Money Laundering Secretariat under the State Prosecutor for Serious Economic and International Crimes adequately used the suspicious transaction reports filed by the obliged entities when disseminating information.
- Have the relevant authorities provided feedback to the obliged entities about the use made of the disseminated information, in order to ensure a targeted effort?
It is Rigsrevisionen's assessment that the Ministry of Business, Industry and Financial Affairs, the Ministry of Justice and the Ministry of Taxation's overall anti-money laundering and counter-terrorist financing effort has been ineffective, and that particularly the effort of the Ministry of Justice has been inadequate. This entails a risk that the authorities have not to the widest possible extent fought money laundering and financing of terrorism.
Read the introduction and conclusion (PDF)