Danske Bank Completes U.S. Justice Department Probation Period
By Dominic Chopping
Danske Bank completed a period of corporate probation with the U.S. Justice Department, marking the end of a yearslong process that was started in the aftermath of a series of money-laundering investigations.
The Danish lender agreed to pay about $2 billion in late 2022 to settle long-running probes into anti-money-laundering failures that led to hundreds of billions of dollars of suspicious transactions flowing largely unchecked through a former branch in Estonia.
The bank reached coordinated settlements with the U.S. Justice Department, U.S. Securities and Exchange Commission and Denmark's Special Crime Unit after it pleaded guilty to conspiracy to commit bank fraud.
As part of its plea deal with the DoJ, the bank was placed on probation for three years.
"We have now successfully concluded the process with the DoJ, which also means that all formal processes with regulatory authorities in relation to the non-resident portfolio at Danske Bank's former Estonia branch have now been finalized," Dankse Bank Chief Executive Carsten Egeriis said Monday.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
December 15, 2025 02:27 ET (07:27 GMT)
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