U.S. could face difficulties sanctioning Danske over money-laundering: report

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG0U0PH_L.jpg

COPENHAGEN (Reuters) – U.S. authorities could face difficulties fining Danske Bank (CO:) over its involvement in suspected money-laundering in Estonia, according to a report by S&P Global Market Intelligence.

The report, quoting anonymous sources, said the fine could be significantly lower than expected because Danske does not have a banking license in the United States.

Danske shares were up 5.5% in early trade, which analysts said could reflect a delayed reaction to the report published on Wednesday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment