Hvidvaskloven

Anti-money laundering

Sadolin & Albæk is subject to money laundering regulations.

For Danish real estate agents and real estate companies, these regulations apply to:

  • Professional advisory services and facilitation of the purchase or sale of real estate
  • Valuation of real estate
  • Commercial leasing services.

Among other things, the Danish money laundering regulations require us to verify our clients’ identity to prevent money laundering and financing of terrorism.

All personal client information is stored in accordance with the Danish Data Protection Act and can only be accessed by a few trusted employees. We are required to collect and store the above information from client onboarding until five years after offboarding, at which point all personal client identity files will be deleted.

Please note that we are under an obligation to report any suspicion of money laundering or financing of terrorism to the Danish State Prosecutor for Serious Economic and International Crime.

A translation of the Danish Act on Measures to Prevent Money Laundering and Financing of Terrorism is available here.