The Danish version of (ineffective) AML enforcement!

A huge fine turns out to be a pure joke! København Andelskasse (now FS Finans VI A/S), which was heavily involved in facilitating cybercrime activities from 2016 to July 2018, has been fined 794 million DKK (€103 million) for laundering billions on behalf of international cybercriminal organizations. While this substantial

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Danish Financial Complaint Board

Poor performance of the Danish Financial Complaint Board!

Legal purpose of Financial Ombudsmen in Europe! According to Directive 2013/11/EU of the European Parliament and of the Council  of 21 May 2013 on Alternative Dispute Resolution for consumer disputes and amending Regulation (EC) No 2006/2004 and Directive 2009/22/EC Alternative Dispute Resolution (ADR) like the Danish Financial Complaint Board  are

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JUSTICE FOR VICTIMS

Spotlight on the Danish Financial Complaint Board!

During the past years, EFRI approached the Danish authorities frequently over the Kobenhavn Andelskasse money laundering case. Until now, we have been disappointed.  They do not care a lot about European online fraud victims. Next to Deutsche Handelsbank and the German Wirecard, Kobenhavn Andelskasse, a small Danish cooperative bank, showed

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KBH Kobenhavn Andelskasse

The Danish FSA and its relaxed approach regarding KBH and Clearhaus A/S

UNZER’s Acquisition and the Role of Clearhaus A/S and KBH in Online Fraud.  As of January 21, 2021, UNZER (formerly Heidelpay) announced its acquisition of two Danish payment companies: Clearhaus A/S, an acquiring company and payment institution regulated by the Danish FSA, and QuickPay, based in Aarhus, Denmark. This transaction

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