France investigates Danske Bank over €22 million money laundering
11 Feb 2019

The Tribunal de Grande Instance de Paris in France has launched an official investigation into Danske Bank regarding suspicion of money laundering linked to its non-resident customers portfolio.

The probe covers transactions amounting to around €21.6 million. anske has been ordered to post bail of €10.8 million.

The transactions occurred between 2007 and 2014 and are central to a September 2018 report into money laundering and tax evasion involving the bank.

Last year, the bank was hit with allegations it had been used to launder around €200 billion, in a scandal involving its non-resident customers portfolio.

Danske said it was first placed under formal investigation in France on 11 October 2017.

Following the money laundering scandal, a number of regulators in other countries have launched probes into the bank.

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