Danske Bank Says DoJ Probation Over Estonia Scandal Has Ended
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Danske Bank A/S said its corporate probation with the U.S. Department of Justice has ended, marking the final step in resolving one of Europe’s biggest money-laundering scandals.The scandal has “profoundly shaped our organization and transformed our culture,” Danske Chief Executive Officer Carsten Egeriis said in a statement Monday. All “formal processes” with the DoJ and regulatory authorities in relation to the non-resident portfolio at Danske Bank’s former Estonia branch are now complete, he said.