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INTERVIEW: Danske’s new CAO Philippe Vollot on re-building reputation, how the bank ‘redrafted every single compliance policy’ in wake of scandal and how PPPs and data sharing are the future for global AFC

By Elizabeth Hearst for AMLi

Danske Bank’s new Chief Administrative Officer Philippe Vollot looks back on the lender’s chequered AML past and comments reputation is “something you lose in a day and it takes you many years to get it back.”

The Frenchman will know this better than most. He has been spearheading Danske’s journey away from the €200BN Estonia money laundering affair in 2017 and admits it’s been a “painful journey.” His job is to guide the lender “back into the spotlight with a strong reputation.” 

Speaking to AML Intelligence from Danske’s Copenhagen Headquarters, Philippe says is looking forward to “making the bank even more effective in fighting financial crime” in his new role. 

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