The Danish government is considering tightening anti-money laundering rules for bank executives, Bloomberg News reported.

This follows allegations that Danske Bank A/S, the country's largest bank, allowed large sums of illicit funds to pass through its Estonian branch.

Business Minister Rasmus Jarlov is proposing measures such as a ban on executives who fail to prevent money-laundering at units either in Denmark or abroad from running financial institutions; and making banks more accountable for the misdeeds of junior executives and low-ranking employees.