By Kyle Brasseur2022-12-13T19:09:00
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).
The bank also reached settlements with the U.S. Securities and Exchange Commission (SEC) and Danish Special Crime Unit (SCU).
2023-10-05T14:59:00Z By Aaron Nicodemus
Outgoing Danske Bank CCO Satnam Lehal shares with Compliance Week lessons learned from addressing deficiencies in the bank’s compliance program while managing the expectations of regulators, the board, employees, customers, analysts, investors, and the public.
2023-03-20T15:55:00Z By Jeff Dale
Danske Bank will appoint Chief Audit Executive Dorthe Tolborg to serve as its chief compliance officer after current CCO Satnam Lehal announced he would depart the bank in early 2024.
2023-01-18T20:50:00Z By Adrianne Appel
Satnam Lehal, chief compliance officer of Danske Bank, announced he will leave the bank in early 2024 after playing a pivotal role in helping steer it through the aftermath of one of the world’s largest money laundering scandals.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
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