Danske Bank charged with money laundering
- 3 months ago
Danske Bank has been charged for allegedly violating Denmark’s anti-money laundering act after reviewing its Estonian hub.
Denmark’s state prosecutor Morten Niels Jakobsen spearheaded the investigation once concerns rose that billions may have been involved in criminal activities in August.
The scandal that has hit the biggest lender on the country involves questionable transactions amounting to €200 billion which took place at its Estonian branch in Tallinn between 2007 and 2016.
“We are still working intensively with the investigation,” said Jakobsen.
When the report was published by Danske in September the then Chief Executive Thomas Borgen resigned, acting Chief Jesper Nielsen stated that the bank was expecting preliminary charges.
Source: Smart Trend Team