Investigations Reopen into Danske Bank

Denmark’s financial regulator has reopened its investigation into Danske Bank which initially closed in May after a mounting outcry into the lender’s own probe into a massive money-laundering scandal, the Financial Times reported.

Danske Bank, Trondheim-Branch, Old-Building (Photo:Danske Bank)The bank’s report prompted widespread political criticism and has propelled the Danish Financial Supervisory Authority (FSA) to revisit a case which it had concluded this May.

The further assessment of the case by the FSA will focus on the management aspects in relation to the rules of the financial regulation as well as other relevant Danish law, said an announcement of the Danish FSA.

“This is a very serious matter, and we are continually considering whether new information will make us reconsider the decision made in May. We will now examine the bank’s investigation carefully in this respect,” Jesper Berg, FSA Director General, said.

On Wednesday

... read more at: https://www.occrp.org/en/27-ccwatch/cc-watch-briefs/8619-investigations-reopen-into-danske-bank

by