Therefore, your bank will typically enquire about:
- information relating to your financial situation
- your experiences with the financial product that you are interested in
- your willingness to take risks if you want to invest or take out a loan
- the aim of the bank product in question.
In accordance with the rules on money laundering and financing terrorism, banks are also obligated to identify future expectations for large movements in your accounts, including foreign payments.
You can read more about information, advice and the legislation behind the “know your customer” principal in Danish here:
Order on good practice for financial companies
Guidelines about good practice for financial companies can be found on the Danish FSA's homepage.
