How NewBanking is Solving the Regulatory Challenges Facing the 5th Money Laundering Directive

This week a new bill, the 5th money laundering directive, was put into place in Denmark. This law amends the Money Laundering Act and the Financial Business Act. The bill works as a preventive measure against the use of the financial system for money laundering or terrorist financing.

Do you want to be Above or Below Compliance Expectations?

Most businesses don’t need to store personal data; however, they need to access personal data. Having the option to access personal data securely is crucial for the transparency of any business. NewBanking provides a platform to access personal data (provided and managed by the individual) which makes the platform go above and beyond current market expectations.