Denmark tightens regulations as Danske scandal probe rocks industry

A broad majority of the parties in the Danish parliament on Wednesday reached an agreement to strengthen the effort against financial crime in wake of the Danske Bank money laundering scandal.

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The agreement will mean that the Danish financial supervisory authority (FSA) will get a lot more resources and get the right to fine banks that violate money laundering laws, business minister Rasmus Jarlov told reporters in Copenhagen.

Denmark's largest lender is being investigated in Denmark, Estonia, Britain and the United States over 200 billion euros ($229 billion) of suspicious payments through its Estonian branch between 2007 and 2015.

Jarlov said large Danish banks will get a comprehensive money laundering inspection from the FSA during 2019.