Danske Bank pleads guilty, pays US$2 billion for Estonia branch AML failings, ending criminal cases in US and Denmark

Denmark's largest bank Danske Bank has settled criminal cases brought against it in the USA and Denmark over allowing its Estonia branch to funnel around €200 billion (US$213 billion) in funds from non-residents, including from Russia, into international financial networks, with light touch AML controls.

By Keith Nuthall

Denmark's largest bank Danske Bank has settled criminal cases brought against it in the USA and Denmark over allowing its Estonia branch to funnel around €200 billion (US$213 billion) in funds from non-residents, including from Russia, into international financial networks, with light touch AML controls.