7th August 2018
Denmark’s state prosecutor has started a criminal investigation into Danske Bank (DANSKE.CO) over allegations the country’s biggest lender had been involved in money laundering through its Estonian branch. The investigation, which follows a similar step by Estonian authorities last week, concerns transactions worth billions of Danish crowns that might have… Read More
1st August 2018
Estonia’s general prosecutor said on Tuesday it had begun a criminal investigation of Danske Bank over allegations that Denmark’s largest bank was involved in money laundering through the Baltic country in the past. Shares in Danske Bank have fallen by almost a quarter this year following allegations its Estonia branch… Read More
26th July 2018
Bill Browder, once the biggest foreign money manager in Russia, has filed a new criminal complaint in Estonia concerning Denmark’s largest lender Danske Bank (DANSKE.CO). The new complaint comes two weeks after Browder filed a complaint with the Danish authorities over alleged money laundering at the bank’s Estonian branch in… Read More
23rd July 2018
Danske Bank (DANSKE.CO) could still face legal action despite its decision to forfeit profits from transactions in Estonia that are subject to a money-laundering probe, Denmark’s business minister said on Wednesday. Danske Bank said earlier it would forgo profits made from the transactions, which relate to a period from 2007… Read More
28th May 2018
Estonian police said on Friday more than $13 billion (11 billion euros) was laundered through the small Baltic state’s banks from 2012 to 2016, with at least $7.3 billion through non-resident bank accounts. The Baltic region has been hit with revelations of money laundering from Russia, Moldova and Azerbaijan via… Read More
30th April 2018
Danske Bank (DANSKE.CO), Denmark’s largest bank, said on Thursday it would scale down its business in the Baltic countries. The move follows criticism of the bank for alleged flaws in its efforts to prevent money laundering in the past at its Estonia branch. The change is not a reaction to… Read More
5th April 2018
A senior Danske Bank (DANSKE.CO) executive quit on Thursday after the lender found there should have been an earlier and more thorough investigation into alleged money laundering at its Estonian branch. The departure of Lars Morch, responsible for the Baltic operations of Denmark’s biggest bank since 2012, comes during an… Read More
28th March 2018
The European Central Bank has revoked the licence of small Estonian bank Versobank AS over failures to remedy regulatory breaches in areas such as money laundering, the Estonian financial watchdog said. The action taken against Versobank comes as the Baltic states’ leaders prepare for a summit with U.S. President Donald… Read More