Danske Bank confirms conclusion of US Department of Justice probation

Core Points - Danske Bank has successfully concluded its three-year corporate probation with the US Department of Justice (DoJ) [1][2] - The conclusion signifies the end of the resolution process related to the non-resident portfolio at Danske Bank's former Estonia branch [1][3] - The historical events surrounding the case have significantly influenced the organization and its culture, with a commitment to preventing similar practices in the future [2] Summary by Sections Conclusion of Probation - Danske Bank confirms the end of its corporate probation with the DoJ, which lasted from December 13, 2022, to December 13, 2025 [1][4] - This marks the finalization of all formal processes with regulatory authorities concerning the non-resident portfolio [2][3] Background of the Case - In December 2022, Danske Bank reached coordinated resolutions with the DoJ, the US Securities and Exchange Commission (SEC), and the Danish Special Crime Unit (SCU) following investigations into misconduct related to the non-resident portfolio [3][4] - The probation was part of an agreement with the DoJ to address the failings identified during the investigations [4]