Skip to Primary Navigation

Skip to main content

Denmark’s biggest bank in $413m settlement over fraud charges in Estonia

Photo: Getty Images

Martina Lindberg

2 min read
Click to share on Facebook (Opens in new window/tab) Click to share on X (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

Danske Bank is the second bank to be hit with big fines after money-laundering breaches in the Baltics.

Danske Bank, Denmark’s biggest bank, has been charged with misleading investors about the anti-money-laundering (AML) compliance program in its Estonian branch. The Securities and Exchange Commission (SEC) has also charged the bank for failing to disclose the risks posed by the program’s significant deficiencies.

Danske Bank acquired the Estonian

, , , , , , , , ,

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience