DNB could soon be fined on a daily basis due to a lack of identification documents and data

DNBPhoto: Terje Pedersen / NTB
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The Financial Supervisory Authority of Norway (Finanstilsynet) has decided that DNB has until August 1 to obtain identification documents and data from around 1 million customers. After that, the bank could face daily fines.

According to the newspaper Dagens Næringsliv (DN), the size of the daily fines is not known.

The new decision from Finanstilsynet states that DNB’s problems with lack of identification documents and data from customers are “significant and potentially exceed more than 1.5 million customers”.

DNB’s communications director Thomas Midteide believes the number is not that big and points out that some customers have both corporate accounts and private accounts. 

At the same time, the bank is working hard to meet the deadline.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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