Friday, October 30, 2020

The first charges for money-laundering are laid against Danske Bank

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In preliminary criminal charges filed on November 28th, Danish prosecutors accuse Danske of failing to report suspicious transactions, not training staff in anti-money-laundering procedures, and having no senior manager responsible for compliance. They are considering whether to charge any individuals. Danske’s acting boss, Jesper Nielsen, said this week that the bank is “not in a position to contest a lot”. […]

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