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Danske Bank Deal Sees DOJ Tie Exec Bonuses to Compliance, Law360

Tuesday, January 31, 2023

Partner Daniel Tehrani is quoted in a Law360 article about a plea agreement between the US Department of Justice (DOJ) and a Danish bank that includes a provision to tie executive bonuses with compliance. Linking the two in the agreement demonstrates how the DOJ considers it a key component of a culture of compliance, Daniel said, noting how the agreement also shows that foreign financial institutions must comply with US laws when using the country’s banking system.

"Even if the specific [anti-money laundering, Bank Secrecy Act] requirements don't apply to them on their face, there will be other tools that the DOJ has to ensure compliance," Daniel said.

"I think this is an example of that."

Read the full Law360 article >>