Danske Bank CCO to Depart in 2024


The chief compliance officer at Danske Bank has announced that he will be leaving the bank in 2024, raising a delicate but important question. Who’s going to certify the effectiveness of Danske Bank’s compliance program to the Justice Department when the bank is scheduled to do that in 2025? Satnam Lehal, Danske Bank’s chief compliance…

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Danske Bank, Part II: Compliance Reforms


Today let’s continue to look at the settlement Danske Bank reached with the Justice Department earlier this week, for the huge money-laundering scheme that operated from the bank’s Estonia branch in the 2000s and 2010s. I’ve been reading the plea agreement in the case, and compliance officers have a lot to consider here.  First, to…

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