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French court probing Danske Bank over alleged money laundering in Estonia

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French court probing Danske Bank over alleged money laundering in Estonia

Danske Bank A/S said it is being investigated by France's Tribunal de Grande Instance de Paris over alleged money laundering by former customers of the bank's Estonian unit from 2008 to 2011.

The Danish lender's group general counsel, Flemming Pristed, said the investigations were related to around €15 million in transactions, which were transferred to France by the bank's clients in Estonia.

Danske Bank noted that the transactions are part of the lender's own investigation into the Estonian branch over potential money-laundering activities. The bank said it will cooperate with the relevant authorities in the probe and report any findings.