Anti-Financial Crime & Financial Crime Compliance
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INSIGHT: Danske Bank lied and deceived US banks for years to pump billions of dollars of suspicious and criminal funds through the American financial system

DANSKE GUILTY: “Danske Bank lied to US banks about its deficient anti-money laundering systems, inadequate transaction monitoring capabilities, and its high-risk, offshore customer base in order to gain unlawful access to the U.S. financial system,” said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department’s Criminal Division. PHOTO: Danske Bank

By AML Intelligence Correspondent ACCORDING to US court documents, Danske Bank defrauded US banks to facilitate access to the financial system for the lender’s Estonia’s high-risk customers, who resided outside of Estonia – including in Russia. The bank’s guilty plea and $2BN penalty “demonstrate that the Department of Justice will fiercely guard the integrity of…

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