If you work for an organization ordered by a regulator to remediate compliance and financial crime program issues, Danske Bank Chief Compliance Officer Satnam Lehal can relate.
In December, Danske Bank reached final resolutions with Danish authorities, the U.S. Department of Justice (DOJ), and the Securities and Exchange Commission to address the compliance issues that allowed hundreds of billions of dollars of illicit funds to be funneled through its Estonia branch from 2007-16. Danske Bank closed its Estonia branch in 2019.
