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Saxo Bank handed $49m Danish money-laundering fine

By Martin Coyle ( January 23, 2026, 12:04 GMT | Insight) -- Saxo Bank has been fined the equivalent of $49 million by Denmark’s financial supervisor for breaching the country’s money laundering regulations. The bank pointed to improvements since a May 2023 inspection of the lender. “It is important to note that the inspection did not find any instances or signs of money laundering, but we take the matter very seriously,” Saxo's chief executive said. Saxo Bank has been fined 313 million Danish kroner ($49 million) by Denmark’s financial supervisor for breaching the country’s money laundering regulations....

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