Danske Bank, the largest bank in Denmark, has pleaded guilty to charges of money laundering at its Estonian branch and agreed to forfeit $2 billion to settle a U.S. investigation of the fraud on U.S. banks, the Department of Justice (DOJ) announced on Dec. 13.
In addition to forfeiting $2.059 billion, the bank agreed to a separate settlement with the U.S. Securities and Exchange Commission (SEC) and will pay about $413 million, including a civil monetary penalty of $178.6 million, to settle charges, officials said. The bank also settled with Danish authorities.
