Danske Faces $2 Billion in Fines for Laundering Case, Jyske Says
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Danske Bank A/S probably will be fined around 13.5 billion kroner ($2 billion) this year by authorities in Denmark, the U.S. and the U.K. as investigations into Europe’s biggest money laundering scandal draw to a close, according to estimates by Jyske Bank.
Danske has admitted that a large part of 200 billion euros ($223 billion) in transactions at an Estonian unit were suspicious. The Copenhagen-based lender is cooperating with probes by the U.S. Department of Justice and the U.S. Securities and Exchange Commission, among others.