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Nordea stresses compliance after Dan-Bunkering revelations

Nordic Financial Group Nordea, which entered a billion-dollar credit agreement with the owner of Dan-Bunkering last week, emphasizes that all clients must observe international sanctions. If they do not, the client may be asked to find another bank, the bank adds.

Photo: Ritzau Scanpix/Mads Claus Rasmussen

Nordea do not want to disclose whether it knew about the case of Dan-Bunkering's deliveries to the Russian military before the bank signed a new billion-dollar credit agreement with the company's owner, Bunker Holding.

However, Nordea emphasizes that all clients must be compliant with international sanctions. If they are not, they may be shown the door.

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