Prevent illegal activity
AML when establishing customer relationships
We are committed to knowing and carrying out risk classifications of our customers. In order for you to become our customer, we must therefore process a series of personal data about you. We ask multiple questions, and we require documentation, such as identification papers, contact details, citizenship and country of birth. You must state the purpose of your customer relationship with us, and you must also answer questions about relationships with politically exposed persons (PEP).
We obtain information about your address from Bisnode/the National Population Register.
To ensure correct customer due diligence, we will consider whether there is a need for enhanced customer due diligence. Some customers will therefore be marked with a need for enhanced customer due diligence, based on certain predefined criteria.
We are obliged to retain information that is processed in accordance with the Swedish Anti-Money Laundering Act, as a general rule for five years after the customer relationship has ended, or an individual transaction has been completed.
The retention period is ten years if, at the end of the customer relationship, the customer relationship was subject to enhanced customer due diligence measures or a transaction was subject to enhanced customer due diligence measures.
DNB Bank ASA Sweden branch and the individual Group companies where you have a customer relationship are responsible for the processing of your personal data.
We are obliged to disclose personal data to public authorities. We may also share your personal data with other obliged entities inside and outside the DNB Group when we have a right or obligation to do so.
The purpose of the processing of personal data is to comply with the rules and legislation for anti-money laundering and terrorist financing when establishing customer relationships as well as during the customer relationship.
Our legal basis is the Swedish Anti-Money Laundering Act and appurtenant regulations, as well as the sanctions regime.
When we collect and process information about you, you have several rights under data protection rules and legislation.
This includes the right of access, the right to data portability, the right to rectification of any errors and the right of erasure, which means that we must, on our own initiative, delete information that is no longer necessary for the purpose of the processing. We will always consider any objections you may have to the processing of your personal data, and we will follow up when you opt out of direct marketing.
Read about how you can exercise your data protection rights in our privacy notice under ‘Your rights’.
- identification data
- contact details
- relationship data
- financial data
AML when monitoring customer relationships
We are required to have electronic surveillance systems for detecting circumstances that may indicate money laundering and terrorist financing. The systems we have are used both in the risk classification of you as a customer and in the ongoing monitoring of transactions carried out as part of the customer relationship.
We are obliged to retain information that is processed in accordance with the Swedish Anti-Money Laundering Act, as a general rule for five years after the customer relationship has ended, or an individual transaction has been completed.
The retention period is ten years at the end of the customer relationship, the customer relationship was subject to enhanced customer due diligence measures or a transaction was subject to enhanced customer due diligence measures.
DNB Bank ASA Sweden branch and the individual Group companies where you have a customer relationship are responsible for the processing of your personal data.
We are obliged to disclose personal data to public authorities and other obliged entities.
Each individual company will exchange information about Group-wide customers with other companies in the DNB Group, both within the EU/EEA and to third countries. Group companies are data controllers upon receipt of such information.
The purpose of the processing of personal data is to comply with the rules and legislation for anti-money laundering and terrorist financing, as well as the sanctions regime.
Our legal basis is the Swedish Anti-Money Laundering Act and local regulations, as well as the sanctions regime.
When we collect and process information about you, you have several rights under data protection rules and legislation.
This includes the right of access, the right to data portability, the right to rectification of any errors and the right of erasure, which means that we must, on our own initiative, delete information that is no longer necessary for the purpose of the processing. We will always consider any objections you may have to the processing of your personal data, and we will follow up when you opt out of direct marketing.
Read about how you can exercise your data protection rights in our privacy notice under ‘Your rights’.
- identification data
- contact details
- relationship data
- financial data