Danske Bank boss resigns after $234b money laundering inquiry
Danske Bank's chief executive Thomas Borgen quit on Wednesday following an investigation into payments totaling some 200 billion euros ($234 billion) through its Estonian branch, many of which the Danish bank said were suspicious.
“It is clear that Danske Bank has failed to live up to its responsibility in the case of possible money laundering in Estonia. I deeply regret this,” Borgen said in a statement which detailed failings in compliance, communication and controls.
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