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Danske Bank CEO distances himself from ABN Amro money laundering probe

Danske Bank A/S CEO Chris Vogelzang said he did not have any knowledge of the Dutch money laundering probe surrounding ABN Amro Bank NV, where he worked as an executive until early 2017, Bloomberg News reported.

In an emailed statement to the newswire, Vogelzang said he was not aware of the situation and did not wish to comment on his former employer. The Amsterdam-based lender disclosed Sept. 25 that it was being investigated by the Dutch public prosecutor over its compliance of anti-money laundering and terrorist financing laws.

Vogelzang was head of retail and private banking at ABN Amro and a member of the bank's management board before his departure. In October, he was named CEO of Danske Bank, which itself is the subject of investigations across the globe for suspicious payments amounting to about €200 billion through its branch in Estonia between 2007 and 2015.

Several former executives of the Danish lender have also been charged by authorities on the matter, including former CEO Thomas Borgen.

Vogelzang has set repairing Danske Bank's reputation as his top priority and has been cracking down on misconduct within the lender since his appointment, according to the report.