Data-driven effort strengthens the fight against money laundering

Analysis - January 2021 - No. 1

Authors Jensen, Thais Lærkholm; Martinello, Alessandro; Mønsted, Bjarke Mørch
Subject Payments; Financial regulation; Interconnectedness
Type Analysis
Year 2021
Published 26 January 2021
Abstract icon Danmarks Nationalbank, in collaboration with a large Danish bank and other institutional actors, has shown that an innovative risk-based approach based on multiple data sources, among which granular transaction data, can support the fight against economic crime. Realising the full potential of such an approach requires combining data across banks and public institutions.