Danske's France settlement ends final probe over suspected money laundering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
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Source: Reuters
Settlement with French Authorities: Danske Bank has reached a settlement with French authorities, agreeing to pay 6.33 million euros to conclude an investigation related to money laundering at its former Estonian branch.
End of Investigations: This settlement marks the final investigation into Danske Bank concerning its non-resident portfolio in Estonia, following previous probes that resulted in over $2 billion in settlements in the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
