Danske Bank Alleges Former Staff Knowingly Assisted Money Launderers

Danske Bank CEO Thomas Borgen discloses the Danish lender’s financial results in Copenhagen on Thursday, Feb. 6, 2014. Borgen resigned Wednesday, Sept. 19, 2018 after internal auditors recommended criminal investigations against eight former employees of Danske Bank Estonia. (Getty Images)



HM Treasury modified its Consolidated List of Financial Sanctions Targets in the United Kingdom, which contains the names of designated individuals and entities subject to international asset freezing and domestic sanctions under the Terrorist Asset-Freezing etc. Act 2010.
The Office of Foreign Assets Control, part of the U.S. Treasury Department, updated its list of Specially Designated Nationals and Blocked Persons, which designates organizations and individuals who are restricted from doing business with the United States, American companies or Americans.

Enforcement Actions

The U.S. Securities and Exchange Commission issued a cease and desist order requiring Patricio Contesse González, the former CEO of a Chilean-based chemical and mining company, to pay $125,000 to resolve Foreign Corrupt Practices Act violations.
The Reserve Bank of India issued a monetary penalty of one lakh rupee against the Andhra Pradesh, India-based bank for its violation of know-your-customer requirements.