21st October 2019
The money laundering data bureau is inspecting real estate brokers as real estate is one way to launder criminal proceeds, head of the bureau Madis Reimand said. Member of the board of Domus Kinnisvara Ingver Allekand said those who really want to launder money are unlikely to use real estate… Read More
17th October 2019
Estonia should get the “majority” of fines that banks under investigation for their roles in Europe’s biggest money-laundering scandals are likely to face, Finance Minister Martin Helme said. “We are talking about hundreds of millions at least, possibly about billions,” Helme said in a post on his Facebook page. He… Read More
15th October 2019
Deutsche Bank did not disclose more than one million suspect money transfers with Danske Bank until February, a person with direct knowledge of the matter said, about five years after a whistleblower flagged suspicious transactions at Danske. Deutsche (DBKGn.DE) sent alerts about the suspect money flows involving the… Read More
14th October 2019
Danske Bank (DANSKE.CO) has started a hiring freeze to cope with rising compliance costs and a tough business environment, the bank said on Thursday. Danske Bank has been rocked by its involvement in a major money laundering scandal. It said last year it had channeled 200 billion euros… Read More
10th October 2019
The International Monetary Fund (IMF) is asked to conduct an independent evaluation of money laundering prevention in the Nordic and Baltic region, a member of the Bank of Lithuania’s board said Wednesday. “A regional monetary prevention evaluation will be performed,” Marius Jurgilas told members of the Seimas Committee on Budget… Read More
10th October 2019
A court in Helsinki has dismissed all charges in the largest money laundering case ever tried by a Finnish court, in which two Estonian nationals were suspected of laundering €135 million in total. Finland’s public broadcaster Yle reported that the district court’s decision is not final and can be appealed. Read More
9th October 2019
A court in Finland is set to pass judgment today in the largest money laundering case ever tried by a Finnish court, in which two Estonian nationals are accused of laundering €135 million in total. According to prosecutors, the Estonians laundered approximately €135 million of illicitly obtained Russian money into… Read More
7th October 2019
Between 2009 and 2015, Mihhail Murnikov spent his days handling as many transactions as he could at the non-resident unit of Danske Bank A/S in Estonia. Roughly a year after Danske admitted that those transactions were part of a $220 billion money laundering scandal, prosecutors from Tallinn to Washington D.C. Read More
7th October 2019
The government said it would further intensify and combat money laundering at its Cabinet sitting on Thursday after it received an overview of developments in the prevention of money laundering. Prime Minister Juri Ratas described combating money laundering as being of utmost importance for Estonia. He said the reliability of… Read More
1st October 2019
Swedbank has removed three executives from its Estonian business and appointed their replacements, including a new head of the unit embroiled in an international money laundering investigation. The Swedish lender has already fired its CEO and its chairman resigned in the wake of the allegations being investigated by authorities in… Read More