The internal investigative report released last week on Danske Bank, Denmark’s largest bank, contained numerous references to the role of the Group Legal Department and the Group Compliance and AML Department in allowing the laundering of billions of dollars in Russian money.

The report found “manifestly insufficient and inadequate” anti-money laundering and risk controls in place from 2007 to 2016. It discussed the missing or the mishandling of money laundering red flags starting in 2007, when Danske Bank acquired another bank and its Estonian branch.

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