SHARE
COPY LINK

NORDEA

3,000 Nordea cards hijacked

Nordea Bank is replacing the bank cards of 3,000 customers after they were the subject so-called skimming attacks. Fraudsters placed devices in six cash machines (ATMs) in Stockholm, which read the card details of people who withdrew cash.

“We have sent letters to all those customers who withdrew money from the relevant cash machines in the past week. We know that they were manipulated and fitted with equipment that stole all information on the cards’ magnetic strips,” said Nordea spokesman Boo Ehlin.

The 3,000 affected customers will be issued replacement cards. The old cards will work until the new cards are delivered.

Customers who lose money from their hijacked accounts are guaranteed by law to get their money back.

“Our information so far indicates that around 70 customers are affected. Anyone who believes they have lost money should contact us for compensation,” said Ehlin.

It is not yet known how much money has been stolen, but there is no indication that large amounts are involved.

“It’s still very unfortunate. Fraudsters often test taking out small amounts, from a few hundred kronor to a few thousand,” said Ehlin.

BANK

Police to investigate Nordea bank over money laundering

Danish police will investigate the Swedish bank Nordea after a year-long probe by regulators into money laundering led to "criticism" of its procedures, the bank said Friday.

Police to investigate Nordea bank over money laundering
Photo: Marcus Ericsson / TT

Detectives will examine how money laundering rules were followed at the bank's Danish subsidiary and could result in “sanctions”, Nordea said in a statement.

“We realize that we initially underestimated the complexity and the time it takes to change our procedures,” said Nordea chief executive Casper von Koskull.

The bank added that 850 Nordea employees are currently involved in the fight against money laundering which the bank plans to increase to 1,150 by the end of the year.

In May 2015 the bank was fined 50 million kronor (€5.4 million euros) – the maximum possible – by Swedish regulators who accused Nordea of “not following money laundering rules for several years” and failing to “evaluate the risks of (doing business with) certain clients”.