A brief introduction

Djurslands Bank was formed in 1965 through a merger of three small banks in the area with roots going right back to 1906.

The business concept of Djurslands Bank is to be a full service bank for private customers, small and medium-sized enterprises as well as public institutions in the market area of the bank - which is the peninsula Djursland and the area around Aarhus.

 

 

With our 16.200 shareholders the bank is primarily owned by the customers of the bank. Djurslands Bank has expanded in the Aarhus area with now 7 branches established from 1995 to 2016 and includes further 10 branches on Djursland.

History

Djurslands Bank was formed in 1965 through a merger of three small banks

Measures Against Money Laundering and financing of Terrorism

Djurslands Bank is a commercial bank operating in Denmark under the supervision of the Danish Financial Supervisory Authority (the FSA), a government agency under the Danish Ministry of Economic and Business Affairs. The FSA supervises that all Danish banks comply with current legislation. Additional information about the FSA is available at the website www.ftnet.dk.

Danish banks are subject to Consolidated Act No. 353 of 20 April 2012 on preventive measures against money laundering and financing of terrorism. The Act is based on the EU Directive on prevention of the use of the financial system for the purpose of money laundering.

Denmark is a member of FATF - the Financial Action Task Force on Money Laundering - and complies with FATF's 40 recommendations. More information about Denmark's FATF membership is available at www.fatf-gafi.org.

Registration from The Danish Business Authority

Patriot Act 2016

2017 AML Wolfsberg

Definition of money laundering

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Definition of money laundering

According to section 2 of the Consolidated Act on preventive measures against money laundering and financing of terrorism, it is defined as conversion, transfer, acquisition, possession or use of capital assets or non-disclosure or disclosure of their nature, origin, localization, movement and ownership and attempts here at or contribution hereto, with the knowledge or assumption that the capital assets derive from a violation of the criminal code.

Djurslands Bank

Knowledge of the customer

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Knowledge of the customer

Djurslands Bank requires identification, from all customers with whom a business relationship is established, of the consolidated act on preventive measures against money laundering and financing of terrorism.

To the extent that transactions involve non-regular customers, Djurslands Bank requires identification as regards any transaction involving amounts equal to EUR 1,000/DKK 7,400 or above.

The consolidated act on preventive measures against money laundering and financing of terrorism stipulates, that payment transfers that are effected without any personal contact between the sender and the intermediary or by an institution which is not the account-holding institution of the sender, must be accompanied by information about the sender in accordance with EU Regulation No. 1781/2006.

Identification is required whenever there is a suspicion that the transaction is associated with money laundering or financing of terrorism.

Djurslands Bank

Suspicion of money laundering or financing of terrorism

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Suspicion of money laundering or financing of terrorism

Reporting of suspicion of money laundering:

If Djurslands Bank gets a suspicion that a transaction is associated with money laundering, Djurslands Bank will make detailed inquiries and evaluate, whether to report the transaction. If the suspicion about illegalities continues, as a rule the transaction or act will be reported to the Public Prosecutor for Serious Economic Crime.

Suspicion of financing of terrorism:

If there is suspicion that a transaction is associated with the financing of terrorism, Djurslands Bank will make detailed inquiries. If the suspicion cannot be refuted, the transaction will be suspended and reporting will be effected to the Public Prosecutor for Serious Economic Crime.

Djurslands Bank

Internal guidelines and training of employees

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Internal guidelines and training of employees

Djurslands Bank's internal procedures ensure that all employees comply with the above statutory provisions. Moreover Djurslands Bank's training program ensures that every second year all employees review the money laundering and terrorism financing rules regularly.

Djurslands Bank

Alert lists

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5_fane_Alert

By the Danish Bankers' Association, the Public Prosecutor for Serious Economic Crime, publishes and distributes updated alert lists to all Danish banks. These alert lists contain information about names of individuals who are suspected in connection with acts of terror-ism.

Djurslands Bank compares these lists with the Bank's customer databases and effects reporting in the cases in which we find suspicion. 

Money transfers are scanned against a number of international anti-terror lists, among those the EU Terror List and OFAC Blocked Countries.

Djurslands Bank

Contact

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Contact

Branches and subsidiaries
Djurslands Bank has 15 branches in Denmark and has no representations abroad.

Your contact
For further information, please contact:

Economic Department
Tel +45 86 30 30 55
okonomi@djurslandsbank.dk

or

Jonas Krogh Balslev
Chief Accountant
Tel +45 86 30 31 50
jkba@djurslandsbank.dk

 

Djurslands Bank
Information

Information about Djurslands Bank

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