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Danske Bank fined for GDPR violations

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By Alisha Houlihan for AMLi

Danske Bank is facing a fine of 10M Danish Kroner (€1.3M) for data storage violations under the General Data Protection Regulation (GDPR).

The news comes just as the bank begins to recover from the aftermath of a massive money-laundering scandal that shook its Estonia branch and halved its share price.

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NEWS: Senator Elizabeth Warren urges US Fed to keep Wells Fargo asset cap, claims AML issues not fixed

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NEWS: Dutch prosecutors seek jail sentences for Dubai-based brothers accused of laundering €10M

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NEWS:  UK’s Serious Fraud Office drops Bombardier bribery investigation, result branded ‘disappointing’

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