Danske Bank sure has done a large number of things wrong. Money laundering, mostly, and A lot of itTo a lot of people In the list Particularly from people who should not launder money. He was also, predictably and necessarily, looking at the above, pretty bad at detecting or listening to money laundering Those who did. And of course, I got to grips with Deutsche Bank, which is a serious enough mistake of judgment in and of itself, even before you realize most of that business was – you guessed it –money laundering. But one thing on him No It appears he made a mistake in violating US sanctions while carrying out all the money laundering operations.
The US Treasury’s Office of Foreign Assets Control (OFAC), the largest bank in Denmark, has informed that the investigation into the matter has been closed, according to a statement released on Saturday … the origin of the dirty money that flowed through Danske has led to speculation that it may have violated US sanctions Which would have increased the possibility of a heavy fine.
This is not to say that OFAC was just one of the Almost a million salads around the world Looking at things, that very large pile of fines, in fact, wasn’t forthcoming.
“As the bank said in its statement, investigations are continuing by the Ministry of Justice and the Supreme Committee for Electricity, which we believe are likely linked to potential money laundering and possibly disclosure violations. The risk of penalties in this regard remains … /[Danske Chief Compliance Officer Philippe] Volot also said that the bank was still “unable to assess any possible outcome” of its conversations with authorities investigating the matter.