You don't always have to point to the crypto segment and FTX when discussing scams, fraud, and money laundering. Traditional Danish banks like Danske Bank or KBH Andelskasse have long been known for this. On December 13, 2022, the SEC entered into a $400 million settlement with Danske Bank for money laundering. On the same day, the U.S. Department of Justice (DOJ) announced that the largest Danish bank had pleaded guilty today and agreed to forfeit $2 billion.