Danske Bank settles AML probe for $2bn as SEC finds ‘inadequate’ risk management

Sarah JollyJanuary 6, 2023
Danske-Bank_shutterstock_1334770766
Credit: Shutterstock/Karolis Kavolelis

Denmark’s largest bank Danske Bank has agreed to pay more than $2bn to settle US regulatory investigations into money laundering breaches at its former branch in Estonia.

In a hearing before a US court in Manhattan this week to accept the plea, Danske Bank admitted to a charge of bank fraud consp...

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Sarah JollyJanuary 6, 2023
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