Danish prosecutors drop EY Danske Bank investigation

Friday, 29. May 2020 12:48

Danish Business Authority said on Friday Denmark's state prosecutor stopped its investigation into Ernst & Young's audit of Danske Bank.

The regulator reported EY after it's inquiry found the auditor discovered information about potential money laundering issues at DB in 2014, but failed to notify the authorities about the matter at the time.

According to the prosecutor for financial fraud, the probe found "no reasonable suspicion that any criminal offense has been committed."

Related Links: 
Breaking the News / MD