DNB Takes Extra Measures to Ensure Secure Services for Customers

Oslo, Norway - In a move to strengthen its commitment to customer security and compliance with international regulations, DNB has implemented additional measures to prevent money laundering, terrorist financing, corruption, and breaches of international sanctions.

Strengthening Customer Security

As part of these efforts, the bank is conducting thorough due diligence on customers, which may take time. This includes asking questions and requesting documentation to better understand their business operations and identify potential risks.

“We are committed to ensuring that our services are secure and transparent,” said a spokesperson for DNB. “We will not compromise on this principle.”

Electronic Monitoring System

The bank’s electronic monitoring system screens over nine million transactions daily, and any suspicious activity is reported to Økokrim, the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime.

Zero-Tolerance Policy towards Corruption and Bribery

DNB also has a zero-tolerance policy towards corruption and bribery, and employees are trained to identify and report any attempts at corruption. The bank works closely with international authorities to prevent corruption and ensure compliance with anti-corruption regulations.

Sanctions Compliance Program

In addition, DNB screens customers and transactions against sanctions lists to prevent breaches of international sanctions regimes. The bank’s sanctions compliance program is designed to identify, assess, and manage its exposure to sanctions risks.

Updated Risk Assessment

As part of its ongoing efforts to assess and manage risk, DNB has updated its risk assessment for money laundering, terrorist financing, corruption, and breaches of international sanctions.

The latest risk assessment highlights the importance of knowing customers and understanding their business operations. It also emphasizes the need for continuous monitoring and reporting of suspicious activity to prevent financial crimes.

What You Need to Know

• DNB conducts thorough due diligence on customers to prevent money laundering and terrorist financing. • The bank screens over nine million transactions daily using an electronic monitoring system. • Any suspicious activity is reported to Økokrim, the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime. • DNB has a zero-tolerance policy towards corruption and bribery. • Employees are trained to identify and report any attempts at corruption. • The bank screens customers and transactions against sanctions lists to prevent breaches of international sanctions regimes.

Stay tuned for further updates on DNB’s efforts to ensure secure services for its customers.