Denmark Country Summary
Sanctions
Low Concern
FATF AML Deficient List
Low Concern
Terrorism
Low Concern
Corruption
Low Concern
US State ML Assessment
Low Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Low Concern
Offshore Finance Center
Low Concern
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
FATF Status
Denmark is not on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
The latest follow up to the Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Denmark was undertaken in February 2021. According to that Evaluation, Denmark was deemed Compliant for 6 and Largely Compliant for 32 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 3 of the Effectiveness & Technical Compliance ratings.
Sanctions
There are no international sanctions currently in force against this country
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 90 |
| World Bank: Control of Corruption Percentile Rank | 100 |
Denmark is recognized as the least corrupt country globally, yet the OECD Working Group on Bribery has reported that it prioritizes insufficiently the prevention and prosecution of foreign bribery. Despite achieving its first foreign bribery conviction in 2019, concerns remain regarding the lack of resources and awareness about foreign bribery risks among Danish companies. The OECD has recommended that Denmark develop a comprehensive strategy to combat foreign bribery and enhance its legal framework to address these deficiencies.
Economy
Denmark is recognized as one of the world's most attractive business environments, characterized by political, economic, and regulatory stability. The economy is heavily driven by trade, with exports constituting about 70 percent of GDP, and it is a leader in green technology sectors. Despite facing challenges such as labor shortages and economic uncertainty due to geopolitical factors, Denmark's macroeconomic conditions remain stable, with projected GDP growth of 2.7 percent for 2024.
Denmark is recognized as one of the most attractive business environments globally, ranking highly in political, economic, and regulatory stability. The country has a sound investment climate, characterized by a strong entrepreneurial spirit, robust infrastructure, and a commitment to liberal trade policies, although labor shortages present challenges. Denmark's foreign investment policies are welcoming, with minimal restrictions and a foreign investment screening mechanism in place for specific high-risk sectors.
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- Risk Analysis
- Corruption
- Economy
- Sanctions
- Narcotics
- Executive Summaries
- Investment Climates
- FATF Status
- Compliance
- Key Findings