Estonia's finance minister said the country is entitled to a "majority" of any penalties imposed on banks for their roles in Europe's biggest money-laundering scandal, Bloomberg News reported.
"We are talking about hundreds of millions at least, possibly about billions," Martin Helme wrote on his Facebook page, according to the report. The currency was not specified.
He said he had discussions with lawyers in New York about how to ensure that Estonia takes part in current investigations by U.S. authorities into money laundering scandals involving banks in the Baltic country, which would "very likely end with huge fines."
Danske Bank A/S and Swedbank AB (publ) are currently being investigated by U.S. authorities for money laundering allegations connected to Estonia. Danske Bank said in 2018 that, of €200 billion that moved through its Estonian branch between 2007 and 2015, much was suspicious.