UK markets close in 8 hours 26 minutes
  • FTSE 100

    6,638.85
    0.00 (0.00%)
     
  • FTSE 250

    20,350.41
    0.00 (0.00%)
     
  • AIM

    1,198.56
    0.00 (0.00%)
     
  • GBP/EUR

    1.1238
    -0.0021 (-0.18%)
     
  • GBP/USD

    1.3617
    -0.0059 (-0.43%)
     
  • BTC-GBP

    23,329.11
    -337.77 (-1.43%)
     
  • CMC Crypto 200

    641.39
    -35.51 (-5.25%)
     
  • S&P 500

    3,855.36
    +13.89 (+0.36%)
     
  • DOW

    30,960.00
    -36.98 (-0.12%)
     
  • CRUDE OIL

    52.49
    -0.28 (-0.53%)
     
  • GOLD FUTURES

    1,850.40
    -4.80 (-0.26%)
     
  • NIKKEI 225

    28,546.18
    -276.11 (-0.96%)
     
  • HANG SENG

    29,372.54
    -786.47 (-2.61%)
     
  • DAX

    13,643.95
    -230.02 (-1.66%)
     
  • CAC 40

    5,472.36
    -87.21 (-1.57%)
     

No Action Letter received by Danske Bank A/S from the U.S. Department of the Treasury’s Office of Foreign Assets Control related to the Estonia case

Danske Bank A/S
·1-min read

Company announcement







Announcement no. 12/2020







Holmens Kanal 2 – 12
DK-1092 København K
Tel. +45 45 14 14 00



19 December 2020


No Action Letter received by Danske Bank A/S from the U.S. Department of the Treasury’s Office of Foreign Assets Control related to the Estonia case

Danske Bank A/S has been informed that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has decided to close its investigation of Danske Bank in relation to the Estonia case with no action. OFAC is the U.S. authority responsible for civil enforcement of U.S. sanctions. The decision does not preclude OFAC from taking future enforcement action should new or additional information warrant renewed attention.

As we have previously communicated, Danske Bank continues to be under criminal and regulatory investigations by authorities in Denmark, France and the United States, including by the Danish State Prosecutor for Serious Economic and International Crime (SØIK), the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC).

The overall timing of completion and the outcome of the investigations by, and subsequent discussions with, the authorities remain uncertain. It also remains impossible to reliably estimate the timing, form of resolution, or amount of potential settlement or fines, which could be material.

Danske Bank

Contacts:
Stefan Singh Kailay, Head of Media Relations, tel. +45 45 14 14 00
Claus I. Jensen, Head of Investor Relations, tel. +45 25 42 43 70

Attachment