and not only for the Nordics.

Sam Theodore reports: The risk of being exposed to money laundering (ML) scandals is real for the European banking sector – and not just the Nordic groups currently under the spotlight. Investors and analysts are at a loss trying to anticipate when banks will be hit by ML troubles. There are no traditional analytical metrics to flag ML risk. Many believe that it is a black swan. “Bad things can happen to good banks out of the blue,” the market sighed in disbelief when Danske Bank’s ML problems surfaced….
Money laundering remains a major risk for banks