OFAC closes sanctions investigation into Danske Bank

OFAC has informed Danske Bank A/S that it has closed its investigation into possible sanctions breaches in relation to the Estonia case. See statement. The bank came under investigation in 2017 – 2018 for alleged money laundering after it failed to screen €200bn of non-resident transactions that had flowed through its Estonia unit. An internal investigation found that a some …

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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