Danske Bank, Denmark's largest lender by assets, must forfeit $2.1 billion after pleading guilty in New York on Tuesday to routing tens of billions of dollars of "criminal and suspicious" funds through the U.S. financial system from 2008 to 2016.
The U.S. Justice Department reached a resolution with the Copenhagen, Denmark-based bank, where it pleaded guilty to one count of conspiracy to commit bank fraud and agreed to pay criminal forfeiture of $2,059,979,050.
December 13, 2022
The U.S. Securities and Exchange Commission issued a complaint charging the Copenhagen, Denmark-based bank with fraud for misleading investors concerning its anti-money laundering compliance failures. The bank has agreed to pay $413 million to settle the charges.
December 13, 2022