Financial crime risks associated with corporate cards and digital payments


The digital world has made it easier for criminals to commit financial crime. Because the consequences can be damaging to your business, you should remain vigilant every day.

On this site, you can read more about what to be aware of to prevent your business from becoming a victim of financial crime when you and your business’s employees use corporate cards are make digital payments.

Good advice for employees

  • Always adhere to the security procedures for payments and purchases. 
  • Be wary if you receive an urgent payment request via email or text message that appears to come from a manager or other senior member.
  • Never click on any suspicious links or respond to inquiries asking you to disclose confidential information.
  • Be on the lookout for spelling and grammar mistakes.
  • Use secure passwords and change them often. 
  • Always verify the identity of the sender before transferring money or providing confidential information.

Good advice for management

  • Make sure that there is a high level of fraud awareness across your business.
  • Establish a single point of contact (SPOC) at all the businesses you regularly make payments to.
  • Ensure that secure payment controls, processes and procedures are in place for employees to follow and update these regularly.
  • Limit the number of employees in the business who are authorised to handle transactions.
  • Set up effective and ongoing employee awareness training and testing. 
  • Implement a process system that checks for unusual transactions.

Tips to detect and avoid becoming a victim of financial crime

How our responsibility as a bank affects you as a customer

Protecting your business from financial crime

Preventing and fighting financial crime are two essential tasks that every responsible financial institution must perform. 

That is why we at Danske Bank have both an obligation and a commitment to comply with Danish and international anti-money laundering legislation and regulations and to fight money laundering and fraud against banks and customers. 

Among other things, this means that we continuously update our knowledge of our customers and their use of our products and services, carefully monitor transactions and cooperate closely with authorities in and outside Denmark.

Watch the video on this site to learn how the measures we employ at Danske Bank to fight financial crime can have implications for you as a customer.

Disclaimer: The content of the above is not, and should not be considered as, a substitute for legal advice.

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