It does not seem in any significant way to be related to the introduction of the euro and the Danish fixed-exchange-rate policy vis-à-vis the euro. The period since the introduction of the euro has also witnessed a number of major cross-border mergers involving Danish banks.
For large, complex banking organizations, the safety and soundness examination process is continuous, and anti-money laundering and BSA compliance is incorporated into examinations conducted throughout the year. The Federal Reserve always includes BSA/AML examinations in the supervisory strategy for every banking organization we supervise. A key component of anti-money laundering examinations is the institution’s compliance with the BSA compliance program requirement.