Investor Presentation - FY 2022
Investor Presentation - FY 2022
Our Path to Financial Crime Transformation
2022
We take a number of specific
and extraordinary decisions
and actions to aid
compliance with the newly
imposed sanctions against
Russia and Belarus
We incorporate all core
scenarios into our new and
enhanced transaction
monitoring platform. All
scenarios have been
specifically tailored to
Danske Bank's risk appetite
We analyze training needs
to ensure that employees
receive targeted training
relevant to their specific
roles
We continue to recruit new
employees with financial
crime expertise, and by the
end of the year, 3,600 full-
time members of staff were
working on our financial
crime prevention agenda
across the Group
We develop a set of clearly
defined and articulated
outcomes that will be
achieved at the point of
Financial Crime Plan
completion, our "Definition of
Done"
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Danske Bank
2023
We progress
implementation of our
Group-wide Financial Crime
Plan and extend it to also
cover Fraud, Anti-Bribery and
Corruption and Tax Evasion
We integrate a dedicated
data governance
workstream into our
Financial Crime Plan and
centralize financial crime
data and analytics teams to
provide an enhanced and
holistic view of what we
know about our customers,
their counterparties and the
risk they pose to us
We deploy the first version of
our new supervised
machine learning
hibernation model, which
enables us to reduce the
number of false positive hits
and thereby scrutinize
transactions for unusual or
suspicious activity more
effectively
We offer cultural training to
customer-facing units
across the Nordic countries
to support their dialogue with
our customers on the topic of
financial crime to
supplement our annual
Group-wide mandatory
eLearning courses on
financial crime
We take part in the creation
of the public-private
partnership in Denmark,
which is expected to become
operational in 2023*
All initiatives on the Group
Financial Crime Plan to be
completed by end of 2023**
* Danske Bank is also an active member and contributor in similar public-private partnerships outside Denmark. These include the Swedish Anti-Money Laundering Intelligence Taskforce; the Finnish Anti-Money Laundering Intelligence Taskforce; and the
Norwegian private and public sector collaboration to combat money laundering and financing of terrorism, OPS AT.
**Completion means - Meeting the regulatory requirements applicable to the Bank and managing the Bank's inherent risk in line with its risk appetite by harnessing global practice
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