Danske Bank on Tuesday reached final resolutions with U.S. and Danish authorities to settle allegations regarding widespread anti-money laundering (AML) deficiencies at its former Estonia branch.
The settlement total of 15.3 billion Danish kroner (U.S. $2.2 billion) is in line with projections the bank included in its interim report for the first nine months of 2022 published in October. Danske Bank fully accepted the regulators’ findings, including pleading guilty to one count of conspiracy to commit bank fraud as part of its resolution with the U.S. Department of Justice (DOJ).
