Episode 1512 • • 1:09:19 - 1:11:47
1512: Cash is Criminal
Danske Bank Pleads Guilty to Defrauding US Banks
Danske Bank, Denmark's largest lender, pleaded guilty to defrauding US banks and agreed to forfeit $2 billion to settle long-running money laundering investigations. The case involved $160 billion in illicit payments from high-risk clients in Estonia that were funneled through the US financial system. The settlement includes payments to the DOJ, the SEC, and Danish authorities.