DANSKE BANK SETTLES ESTONIA ML CASES IN USA AND DENMARK
December 23rd, 2022
Denmark’s largest bank Danske Bank has settled criminal cases brought against it in the USA and Denmark over allowing its Estonia branch to funnel around EUR200 billion (USD213 billion) in funds from non-residents, including from Russia, into international financial networks, with light touch AML controls. Because this money flowed into American banking systems, the USA Department of Justice (DoJ) and Securities & Exchange Commission (SEC) have been formally investigating Danske Bank, alongside the Danish Special Crime Unit (SCU). Danske Bank has now ...
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