13 Dec 2022
Guilty plea to one count of conspiracy to commit bank fraud
Danske Bank pleaded guilty and agreed to criminal forfeiture of 2.059 billion dollars. The department credited about 850 million dollars paid to the SEC and Danish authorities.
Court case
How the Danske Bank Estonia case unfolded
The US Department of Justice alleged that between 2008 and 2016 Danske Bank, through its Estonian branch, defrauded US banks about its anti-money laundering controls and its non-resident customers, many high risk and some in Russia, in order to process about 160 billion dollars through US banks.
13 December 2022 to today · 6 dated events · 7 sources
Where it stands now · as of 30 October 2026
As of 30 October 2026, the US case is closed after probation ended in December 2025, according to Danske Bank.
Overview · 13 Dec 2022 to 15 Dec 2025 · click a dot to jump
2022
13 Dec 2022
SEC settlement (as described by DOJ)
About 413 million dollars, including a civil penalty of 178.6 million dollars.
13 Dec 2022
Agreement on fine and confiscation (as described by Danske Bank)
Danske Bank agreed to a fine and confiscation totalling DKK 4,749 million for violations of the Danish Anti-Money Laundering Act and the Financial Business Act, to be presented at a hearing at the City Court of Copenhagen where the bank would accept the charges.
13 Dec 2022
Danske Bank pleads guilty in the US and announces coordinated US and Danish resolutions
2023
5 Jan 2023
Turning point
US court sentences Danske Bank to three years of probation (as reported)
Sentencing (as reported). Danske Bank was sentenced to three years of probation and forfeiture in line with the plea agreement.
· · · 35 months later
2025
15 Dec 2025
Danske Bank announces the end of its US probation
Company announcement no. 55/2025. The bank said its three-year corporate probation with the DOJ had concluded, ending the US case over the Estonian non-resident portfolio.
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Sources
7 records, ranked by type- 1Government document13 Dec 2022Danske Bank Pleads Guilty to Fraud on U.S. Banks in Multi-Billion Dollar Scheme to Access the U.S. Financial SystemUS Department of Justice, Office of Public Affairs · justice.gov
- 2Government document13 Dec 2022Danske Bank Pleads Guilty To Fraud On U.S. Banks In Multi-Billion Dollar Scheme To Access The U.S. Financial SystemUS Attorney's Office, Southern District of New York · justice.gov
- 3Subject's own statement13 Dec 2022Company announcement no. 16/2022: Danske Bank reaches coordinated resolutions with the US and Danish authorities regarding the Estonia matterDanske Bank A/S (via Euronext) · live.euronext.com
- 4Source6 Jan 2023Danske Bank sentenced to three years probation and forfeitureWillkie Compliance Concourse · complianceconcourse.willkie.com
- 5Source22 Dec 2022Danske Bank Has Been Ordered To Pay Hundreds Of Millions In Denmark For Its Money Laundering Failings In EstoniaMondaq · mondaq.com
- 6Subject's own statement15 Dec 2025Danske Bank confirms conclusion of US Department of Justice probation (company announcement no. 55/2025)Danske Bank A/S (via Inderes) · inderes.dk
- 7Source18 Apr 2023State prosecutors in Estonia charge six former Danske Bank executives with money laundering crimesWillkie Compliance Concourse · complianceconcourse.willkie.com
Last updated 30 October 2026. Spotted an error? See corrections. Every event links to the record it comes from. Allegations are attributed to whoever made them.