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Danske Bank provides update on AML probe in France

Jaclyn Jaeger | January 16, 2019

Danske Bank said it might again become subject to a formal investigation in France, instead of being an assisted witness, in connection with an ongoing investigation into organised money laundering of tax evasion proceeds.

Responding to media coverage of the ongoing investigation into possible violations of French AML laws between 2007 and 2014, Danske Bank said in a statement it is “still a party to the investigation in France, and we have an ongoing dialogue with the authorities.”

Danske Bank said it received a letter in January 2019 from an investigating judge of the French Tribunal de Grande Instance de Paris court summoning Danske Bank to an interview to discuss matters relating to the ongoing investigation into organised money laundering of tax evasion proceeds and stating that the judge envisages placing Danske Bank under formal investigation. “As a result, Danske...

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