The Danske Bank AML Enforcement Action

The award winning, Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, we consider the Danske Bank AML enforcement action, the bank recently pled guilty to money-laundering violations through its Estonia subsidiaries.

Some of the highlights included:

·      The background facts. 

·      What did the home bank know and when?

·      Did a tech failure set this all in motion?

·      The Bank’s attempts to hide the violations from US authorities.

·      Why is the US and not Denmark bringing an enforcement action against a Danish bank?

·      What about CCO certification?

·      The role of the Danish monitor.

 Resources

Tom in the FCPA Compliance and Ethics Blog

Matt Kelly in Radical Compliance

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