A spokesperson of Danske Bank has clarified the bank doubts the explanation by parent company Bunker Holding of how Syrian investigations of subsidiary Dan-Bunkering started in August 2018, reports Danish media DR.
Keld Demant, a Director at Bunker Holding, has told the newspaper Danmark a computer system at the bank’s American branch read the name ‘Soren’ incorrectly and interpreted it as the word ‘Syria’.
The mistake triggered an automated alarm in the bank’s system and alerted authorities, said Demant.
However, Kenni Leth, the Chief Press Officer at Danske Bank has clarified to DR that an alarm does not in itself trigger a report to the authorities as the bank first examines whether there is any reason to proceed with the case before taking action.
“I cannot go into detail with our monitoring and screening of customer transactions,” Leth told DR.
“Our alarms can be triggered by several factors, and in the vast majority of cases, we can quite quickly determine whether this is a matter we must follow up further, including making a notification to the relevant authorities,”
He further added it is not in the bank’s policy to notify customers, such as Dan-Bunkering, about investigations being started against clients.
“We must not legally tell customers or others about the notifications we make to the authorities regarding suspicious transactions or activities,” wrote Leth.
“Here follows a special duty of secrecy, which, among other things, is to give the authorities the most optimal opportunities to investigate further.”
Related: Danske Bank reported Dan-Bunkering to police in EU sanctions case
Related: Bunker company acknowledges flawed statement in EU sanctions case
Photo credit: Danske Bank
Source: DR
Published: 25 June, 2019
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.