OFAC takes no action against Danske Bank

On December 19, 2020, Danske Bank A/S reported that the Office of Foreign Assets Control of the US Department of the Treasury had decided to terminate its investigation into potential sanctions violations by the bank’s Estonia branch.  However, Danske Bank remains under criminal and regulatory investigations in the United States, Denmark and France, including the Danish State Prosecutor for Serious Economic and International Crime, the US Department of Justice, and the US Securities and Exchange Commission.

Danske Bank press release