Investor Presentaiton
Investor Presentation - First quarter 2023
Completion of our Financial Crime Transformation by the end of 2023
Danske Bank
Establishing a robust compliance function
In the recent years, the Bank has made significant
investments to ensure that a robust, well-resourced and
expert compliance function is in place across our
operations to effectively combat financial crime.
The Bank has made significant changes to ensure that it
has the right people, structures and controls in place to
continue to achieve and maintain a culture of integrity in
everything it does, deliver on the financial crime
transformation and manage compliance issues that
arise in the future.
In designing the Financial Crime Plan, Danske Bank has,
to the extent possible, sought to execute the program in
a risk-prioritised way. Wherever possible, the Bank has
been adopting an approach of trying to mitigate the most
material residual risks first.
The completion of the Financial Crime Plan is one of the
bank-wide objectives set by the ELT for 2023.
Throughout 2023, the Bank is continuing its efforts to
complete the remaining initiatives in the Financial Crime
Plan and conclude the financial crime transformation.
Key remaining work for 2023
Technical development and implementation
Several systems require longer development and
implementation, for example, Transaction Monitoring
and Sanctions Screening
KYC enhancements
KYC enhancements will run to the end of 2023
Later added workstreams
Workstreams added to the FC Plan later in the
process, for example, enhancements within Data
Governance, Fraud, Tax Evasion and Anti-Bribery
and Corruption, will run to the end of the program
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