OFAC Drops Investigation Into Denmark Bank, Bank Says
Denmark-based Danske Bank is no longer being investigated by the U.S. Treasury Department’s Office of Foreign Assets Control for potential sanctions violations, it said in a Dec. 19 news release. Authorities in Denmark, the U.S., Estonia and France were investigating…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
the bank in connection with a money-laundering scandal, Reuters reported Dec. 15. The bank said OFAC “decided to close its investigation” in relation to “the Estonia case” but may take “future enforcement action should new or additional information warrant renewed attention.” A Treasury spokesperson declined to comment.