Danske Bank completes US probation over Estonia case

Danske Bank completes US probation over Estonia case | Global Banking & Finance Review | GBAF

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Home > Finance > Danske Bank completes US probation over Estonia case

Finance

Danske Bank completes US probation over Estonia case

Published by Global Banking and Finance Review

Posted on December 15, 2025

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Tags:compliance financial stability regulatory framework corporate governance

COPENHAGEN, ‌Dec 15 (Reuters) - Danske Bank said on ‍Monday ‌it had completed a three-year corporate probation with ⁠the United ‌States' Department of Justice, marking the end of all formal regulatory processes tied to its ⁠former Estonian branch.

Denmark's biggest lender came under investigation in multiple countries after saying in ‌2018 that an ⁠internal probe had uncovered about 200 billion euros of payments from Russia and elsewhere made through the Estonian branch, with many appearing suspicious.

"We have now successfully concluded the process with the DoJ, which also ‍means that all formal processes with regulatory authorities in relation to the non-resident portfolio at Danske Bank’s former Estonia branch have now been finalised," CEO Carsten Egeriis said in ⁠a statement.

The bank pleaded guilty in late 2022 to bank fraud conspiracy, forfeiting $2 billion to settle the U.S. investigation. It was also placed under corporate probation until December ‌13, 2025 as part of the deal.

(Reporting by Stine Jacobsen, editing by Anna Ringstrom)

Frequently Asked Questions about Danske Bank completes US probation over Estonia case

1What is corporate probation?

Corporate probation is a period during which a company is monitored by regulatory authorities to ensure compliance with laws and regulations, often following a violation or legal issue.

2What is bank fraud?

Bank fraud involves illegal activities aimed at obtaining money or property from a bank or financial institution through deceitful means, such as falsifying information or identity theft.

3What is regulatory compliance?

Regulatory compliance refers to the adherence of a company to laws, regulations, guidelines, and specifications relevant to its business processes, ensuring legal and ethical operations.

4What is a financial investigation?

A financial investigation is a process conducted by authorities to examine financial records and transactions to uncover fraud, money laundering, or other illegal financial activities.

5What is a non-resident portfolio?

A non-resident portfolio consists of financial assets held by individuals or entities that are not residents of the country where the financial institution operates, often subject to different regulations.