Faroese court acquits Danish man in nearly €65,000 money laundering case

A 29-year-old Danish man has been acquitted of serious money laundering charges in the Faroe Islands after being accused of processing nearly FKK 500,000 (approximately €65,000), Kringvarp Føroya reports.

The Faroese court ruled on Monday that the defendant, who faced charges of aggravated money laundering and attempted aggravated money laundering, was not guilty. According to the indictment, the alleged laundering—totaling FKK 481,366—took place between 31 May and 3 June 2021 in coordination with individuals in both the Faroe Islands and Denmark.

Prosecutors claimed the transactions were part of a structured effort to obscure the origin of the funds. The defendant has consistently denied wrongdoing. Police have not identified any additional suspects in the case.