Ten Arrested in Estonia in Danske Bank Money Laundering Case

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Estonian authorities have arrested ten people in connection with money laundering through the Tallinn branch of Danske Bank, Denmark’s biggest lender.

The prosecution authority in the Baltic country confirmed the arrests at a press meeting on Wednesday. More arrests are expected in the case, the authority also said.

The arrested individuals are thought to be former customer advisors with the bank who were hired to help prevent money laundering, Ritzau reports.

Authorities in Denmark, Estonia, the United Kingdom and the United States are all investigating the scandal, which was originally uncovered by the Berlingske newspaper in 2017.

Investigators have been looking into activities at Danske Bank’s Estonian unit between 2007 and 2015.

Last month, preliminary charges were brought against the bank by Danish authorities.

Read the original article here: thelocal.dk


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