As announced on 7 February 2019, Danske Bank has been under formal investigation in France in connection with an investigation into suspicion of money laundering related to certain transactions in the terminated portfolio of non-resident customers of Danske Bank’s former branch in Estonia in the period from 2007 to 2014.

Danske Bank has cooperated with the French authorities and has now reached a resolution with the French National Financial Prosecutor to settle this investigation by agreeing to pay EUR 6.33 million. As previously communicated, the coordinated resolutions reached with the US and Danish authorities in December 2022 did not include the French investigation. The resolution communicated today marks the end of the French investigation of Danske Bank.

“We are pleased to have reached this resolution with the French National Financial Prosecutor to settle the final investigation into the bank by any authority related to the non-resident portfolio at Danske Bank’s former Estonia branch,” says Niels Heering, Senior General Counsel at Danske Bank.

As communicated earlier, Danske Bank had posted bail in the amount of DKK 80 million in connection with the French investigation, and the financial impact of this resolution has already been provisioned for.

Read the full judicial public interest agreement between the national financial prosecutor and Danske Bank here.