The U.S. Department of Justice has lifted oversight from Danske Bank after the money laundering scandal, the bank's press service reported.
From 2008 to 2017, Danske Bank, through its Estonian branch, helped to legalize billions of dollars of questionable origin through the U.S. financial system.
In 2022, the bank admitted guilt and agreed to pay a $2 billion fine to close the investigation. A condition of the settlement with the authorities was a three-year probation period, which officially ends on December 13, 2025.
CEO Carsten Egeriis stated that all formal processes with regulatory bodies regarding this matter are now complete. He noted that these events were historically significant for Danske Bank, deeply impacted the organization, and transformed the bank's corporate culture.
He stated that the bank will do everything possible to ensure that such practices have no place in the bank "neither today nor in the future."
It is worth recalling that in September 2019, the former head of Danske Bank's Estonian branch committed suicide.
