The head of compliance for Danske Bank is resigning as the Denmark’s largest bank continues to confront a money-laundering scandal in Estonia.
Danske Bank launched an internal investigation last year following reports in Danish media alleging that its Estonian branch was used to launder money from 2007 to 2015. The bank on Wednesday said it expects to complete the investigation in September.
Management at the bank also said on Wednesday it was aware for a while of Anders Meinert Jørgensen’s plans to step down as compliance chief and expects to replace him soon. “For a while now I have thought about doing something else — possibly not even in the financial sector, ” Mr. Jørgensen said.
He has led the compliance group at the bank since 2014, and…
