- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
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.
2025-07-02T18:31:00Z By Aaron Nicodemus
Emerging enforcement priorities of the U.S. Department of Justice’s health care fraud division align with the Trump administration’s emphasis on prosecuting transnational criminal organizations and ending opioid trafficking.
2025-07-01T23:26:00Z By Oscar Gonzalez
Since President Donald Trump took office, the U.S. Federal Trade Commission has yet to keep up the level of enforcement it had under previous chair Lina Khan. The agency, however, returned to antitrust action in the case of fuel stations, just in time for the July 4th holiday.
2025-06-25T16:29:00Z By Oscar Gonzalez
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
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