Saxo Bank Fined $49 Million for Money Laundering Breaches Saxo Bank has been fined 313 million Danish kroner ($49 million) by Denmark's financial supervisor for breaching the country's money laundering regulations. The fine follows a May 2023 inspection that did not find any instances of money laundering, but the bank has since made improvements. Saxo's chief executive emphasized the seriousness...

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Saxo Bank Fined $49 Million for Money Laundering Breaches Saxo Bank has been fined 313 million Danish kroner ($49 million) by Denmark's financial supervisor for breaching the country's money laundering regulations. The fine follows a May 2023 inspection that did not find any instances of money laundering, but the bank has since made improvements. Saxo's chief executive emphasized the seriousness with which the bank takes the matter.

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Published on Jan. 23th, 2026 Published on Jan. 23th, 2026

Scenario: Conduct / Breach of AML, Terrorism Financing or Sanctions Regulations

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