July 19 2019
Swedish cash-handling firm Loomis AB (LOOMb.ST) reported flaws in its anti-money laundering oversight on Friday and vowed to fix them.
Loomis launched an investigation into its operations in May after a journalist alleged it was implicated in a Danish money laundering scandal involving foreign exchange agencies.
Danish authorities convicted the owners of several exchange agencies in Copenhagen in 2016 for having helped criminal networks launder million of dollars in suspicious funds.
