Summary

The Danske Bank scandal, one of the largest money laundering scandals in European history, centres on the bank’s Estonian branch, which processed an estimated 200 billion euros in suspicious transactions between 2007 and 2015. These transactions, many linked to high-risk customers in Russia, Azerbaijan, and other former Soviet states, were largely funnelled through non-resident accounts, bypassing effective AML scrutiny.

The course examines the key events, scrutinises the AML failures, governance and oversight errors, and focuses on how to strengthen board oversight procedures going forward.

This course is one of several courses within the Professional Certificate in Risk Management. If you wish to achieve this award, you must complete this course along with all other mandatory courses in the associated learning plan.

Audience

Designed for C-Suite executives in financial services, including CEOs, Chief Risk Officers (CROs), Chief Compliance Officers (CCOs) and Board members including NEDs. Also aspiring executives and senior managers.

Course Objectives

• Understand the events leading to the Danske Bank AML scandal and the role of governance failures

• Identify regulatory expectations and risk management strategies for AML compliance

• Recognise the board’s responsibility in financial crime prevention and compliance oversight

• Analyse the consequences of weak AML controls and compliance failures

• Learn best practices for corporate governance and ethical decision-making in financial crime prevention

• Assess post-scandal regulatory reforms and their impact on financial services governance

• Develop effective strategies to mitigate AML risk and strengthen compliance frameworks

Course Structure

• Section 1: Introduction to the Danske Bank AML Scandal

• Section 2: Governance and AML Compliance Failures

• Section 3: Case Study Aspects - Danske Bank Analysis

• Section 4: Strengthening Board Oversight in AML Compliance

• Summary

• Knowledge Evaluation

Duration & CPD Hours

This course should take you between 60 and 90 minutes, depending on your pace of learning. Additionally, this course is accredited by The CPD Certification Service and carries 1.5 CPD hours.