Danish bank faces criminal charges in test of EU system

Danish prosecutors have filed criminal charges against the country's biggest bank, but it remains to be seen if any individuals will face justice for the biggest money-laundering scandal in EU history.

Sleuths had enough material to charge Danske Bank with violation of the country's anti-money laundering act in a move which could cost the bank hundreds of millions of euros in fines, the Danish State Prosecutor for Serious Economic and International Crime (SOIK) said on Wednesday (28 November).

"There's a very large … amount of material to investigate, but we have advanced far enough to file a case against the bank," SOIK head Morten Niels Jakobsen said.

https://euobserver.com/economic/143533