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, after settling anti-money laundering investigations in Germany and New York.

Danske Bank press release

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