Danske Bank Hires Financial Crime Expert Amid AML Probes

Law360, London (May 9, 2019, 12:55 PM BST) -- Danske Bank has hired a financial crime specialist from Morgan Stanley to take the helm of its anti-money laundering unit, the Danish lender has said, as it deals with multiple investigations into transactions of up to €200 billion ($224 billion) at its Estonian branch.

Satnam Lehal will join in July as head of financial crime, Danske Bank AS said on Wednesday. The unit is responsible for helping the bank prevent money laundering, terrorist financing, fraud and corruption.

Danske said it recruited Lehal from Morgan Stanley’s London office, where he is a managing director for financial crime in Europe, the Middle East,...

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