Danske Bank was founded nearly 150 years ago and is currently the largest financial institution in Denmark with operations in sixteen countries. In September 2018, after years of denials and deliberate inaction by its senior leadership, Danske finally acknowledged its role in the largest money laundering scandal in European history, involving over €200 billion (US$233 billion) of largely suspicious transactions between 2007 and 2016 emanating from Danske’s small outpost in the former Soviet Republic of Estonia.

By October 5, 2018, Danske’s shares had dropped to a four-year low following an announcement that the U.S. Department of Justice had initiated a criminal investigation. Since the initial disclosures of Danske’s misconduct, Danske’s share price has declined from approximately 250 DKK in February 2018 to 136.80 DKK as of November 16, 2018, a decline of over 45%. Danske is currently facing multiple criminal and regulatory investigations in Denmark, France, the United Kington, the United States and Estonia.

There are currently six cases being pursued against Danske Bank, including:

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