Danske Bank under investigation in France

Friday, 11. January 2019 12:17

Danske Bank is being investigated by French authorities over possible breaches of France's anti-money laundering legislation, according to a press release published by the bank on Friday.

The bank said in the press release that it received a letter from an investigating judge of the French Tribunal de Grande Instance de Paris court in January summoning it to an interview to discuss the ongoing investigation. It also stated that the judge anticipated placing it under formal investigation, which would mean that it would once more be a subject as opposed to an assisted witness. The bank was investigated by French authorities on two previous occasions in October 2017 and January 2018, both of which were inconclusive.

Danske Bank is also currently being investigated by US authorities over allegations of money laundering at its Estonian branch. Its CEO resigned in September after a law firm hired by the bank to investigate the allegations concluded that they were true.

Related Links: Danske Bank A/S
Baha Breaking the News (BBN) / DZ