Danish banks should significantly increase their focus on complying with rules to avoid money laundering and tax evasion, the Danish Financial Services Authority (FSA) said on Tuesday in a report in the wake of the so-called the Panama Papers.

This was backed by the country’s business minister.

“It’s unsatisfactory that a range of banks in clear violation of the law apparently have risked participating in money laundering,” business minister Brian Mikkelsen said in a statement.

VIEW THE FULL ARTICLE