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Violation Tracker Individual Record

Company: Danske Bank A/S
Current Parent CompanyDanske Bank
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Penalty: $2,000,000,000
Year: 2022
Date: December 13, 2022
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Secondary Offense: fraud
Mega-ScandalAnti-Money Laundering Deficiencies
Violation Description: Danske Bank A/S, a global financial institution headquartered in Denmark, pleaded guilty and agreed to forfeit $2 billion to resolve a fraud investigation. According to court documents, Danske Bank defrauded U.S. banks regarding Danske Bank Estonia's customers and anti-money laundering controls to facilitate access to the U.S. financial system for Danske Bank Estonia's high-risk customers, who resided outside of Estonia, including in Russia.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Denmark
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.