Our role in society

At Nordea, we have four main stakeholders: our customers, our employees, our shareholders and the societies in which we operate. As the largest Nordic bank headquartered in Luxembourg, we want to play a positive and active role locally. On a global scale, we also have a core role to play in society’s prevention of – and fight against – financial crime, ensuring the environmental well-being of our planet, supporting diversity and enhancing financial stability.

Our role in Luxembourg Fighting financial crime Our role in Luxembourg

We focus on three areas:

  • We engage in developing the financial sector in Luxembourg through Luxembourg for Finance, RBBL, and through a dialogue with the Commission de Surveillance du Secteur Financier (CSSF) and the political community.
  • We want to support the development of the talent pool in Luxembourg.
  • We support and engage with the Nordic communities in Luxembourg.

We are a relationship bank and, for us, our business is about our people. That means we need to be able to attract the best leaders and experts from the FinTech, HR, Communication & Marketing, and Wealth Management sectors. 

All in all, it is about ensuring Luxembourg remains an attractive place to live, work and do business.

Fighting financial crime

We take the prevention of financial crime extremely seriously. Our efforts are focused on ensuring that we comply with a range of regulatory requirements – from Anti-Money Laundering (AML), to Know Your Customer (KYC), to OECD’s Common Reporting Standard (CRS) and the US equivalent – FATCA. We have established policies and procedures in place to ensure that these, and a range of other requirements are implemented to the letter – and when possible beyond.

We recognize that we cannot do this without a close cooperation with our clients. For them, documenting all details for authorities can be a lengthy and difficult process. But, as a bank that prides itself on being easy to deal with, we do our upmost to help our clients comply with all rules and regulations, and protect the integrity of the financial and tax systems where they reside, do business or invest.

Here are a few links to give you more information on CRS, FATCA and the rules governing tax residency: