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Pension fund Velliv takes harder line with Macquarie than Danske

Money laundering and cum/ex scandals have put Velliv's investments in Danske Bank and Sydney-based Macquarie on hold. In future, Velliv -- formerly Nordea Liv & Pension Danmark -- has no plans to invest in Macquarie, however, Danske Bank's chances within Velliv's investments look much brighter.

Velliv's head of responsible investments, Thomas H. Kjærgaard. | Photo: Nordea

Danish pension fund Velliv -- which is in the process of severing ties to its previous owner, the big bank Nordea -- has put its investment in Danske Bank on hold after the bank's money-laundering crisis erupted.

The same investment halt applies to Sydney-based investment bank Macquarie after it was revealed that the Australian bank played a role in a cum/ex dividend tax scam in several European countries.

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