Investors filed class action against Danske Bank

The saga of Danske Bank AML scandal continues and depends as investors filed a claim against the bank for 475 Million USD considered as damages produced to their investment due to the fines, poor management and reputational implications of the Laundromat scandal.

Investors claim that as the bank failed to comply with regulations the damage is to be considered as caused for negligence.
The share price halved during 2018 while further drops are expected as the investigations, fines and legal proceeds affect the bank and key officers.
While the bank claims that they have provided all information to investors, the lawsuit states that non-compliance was never disclosed as a Bank policy.



Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.

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