Danske Bank to publish results of Estonia money laundering case on Sept 19

COPENHAGEN, Sept 10 (Reuters) – Danske Bank will on Sept. 19 publish the findings of an investigation into past activities at its Estonian branch that could be one of the biggest money-laundering scandals in Europe.

The results of the probe will be scrutinised by investors and the wider financial community, and will also help determine the outcome of current criminal investigations in both Denmark and Estonia.

Danske Bank’s non-resident portfolio at the Estonian branch has been at the centre of allegations that the bank had flawed money laundering controls from 2007 to 2015.

Danske Bank is facing its biggest setback yet, even after the bank in 2012 was criticised for an advertising campaign that sought to improve its image, borrowing symbols linked to the anti-establishment movement Occupy Wall Street.

Reuters / Nasdaq 10.09.18
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