Money laundering: US financial regulator launches investigation into Danske Bank
22 Feb 2019

The US Securities and Exchange Commission (SEC) has launched an investigation into Danske Bank over possible money laundering, following the publication of details of the €200 billion scandal last year, the lender said.

The SEC probe comes after the US Department of Justice also launched a criminal investigation regarding the same matter.

In a statement, Jesper Nielsen, Interim CEO of Danske Bank, said: “We have no information about when the investigations conducted by DOJ and SEC are expected to be completed, nor do we know what the outcome of these will be.

“We continue to cooperate with the authorities in order to establish a complete picture of the events of the case.”

In addition to the US, other countries have also reportedly launched probes, including Britain, France and Spain.

Photo: Danske Bank offices in Lithuania

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