Estonia detained 10 former Danske Bank A/S employees suspected of facilitating money laundering at the bank's Estonian branch, Reuters reported Dec. 19, citing the Estonian state prosecutor.
More arrests are likely, Estonia's head of criminal police, Aivar Alavere, said at a news conference. The bank was charged on four counts by Danish authorities in November in connection with the suspected laundering of up to €200 billion through the branch between 2007 and 2015.
In September, Danske reported 42 former employees and agents suspected of facilitating money laundering to the Estonian financial intelligence unit, and turned eight former employees' names over to the Estonian police. A spokesman could not confirm whether the 10 people arrested Dec. 19 were some of those already reported.
Prosecutor-general Lavly Perling said the 10 were client managers who were supposed to be a "first line of defense ... to make sure money laundering does not happen." No charges have been filed against those arrested, but Estonian law permits a 48-hour pre-charge detention, Reuters noted.