- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-01-18T20:50:00
The chief compliance officer of Danske Bank announced he will leave the bank in early 2024 after playing a pivotal role in helping steer it through the aftermath of one of the world’s largest money laundering scandals.
“We have achieved a huge amount since I joined in summer 2019, and I look forward to leading our continued progress over the next 12 months,” Satnam Lehal said in a post on his LinkedIn page Monday.
Danske Bank declined to confirm Lehal’s departure and whether it has begun searching for his replacement.
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Danske Bank will appoint Chief Audit Executive Dorthe Tolborg to serve as its chief compliance officer after current CCO Satnam Lehal announced he would depart the bank in early 2024.
Danske Bank reached final resolutions with U.S. and Danish authorities to settle allegations regarding widespread anti-money laundering deficiencies at its former Estonia branch.
Philippe Vollot, who resigned from Danske Bank earlier this month after formerly serving as its chief compliance officer, will join Rabobank as its first chief financial economic crime officer, effective Oct. 1.
