By Elizabeth Hearst for AMLi
Danske Bank’s new Chief Administrative Officer Philippe Vollot looks back on the lender’s chequered AML past and comments reputation is “something you lose in a day and it takes you many years to get it back.”
The Frenchman will know this better than most. He has been spearheading Danske’s journey away from the €200BN Estonia money laundering affair in 2017 and admits it’s been a “painful journey.” His job is to guide the lender “back into the spotlight with a strong reputation.”
Speaking to AML Intelligence from Danske’s Copenhagen Headquarters, Philippe says is looking forward to “making the bank even more effective in fighting financial crime” in his new role.
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