trending Market Intelligence /marketintelligence/en/news-insights/trending/ybqqyqb6noxqzowtitmtbw2 content esgSubNav
In This List

Danske Bank to release results of Estonia money laundering probe Sept. 19

Blog

Banking Essentials Newsletter: 17th April Edition

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Danske Bank to release results of Estonia money laundering probe Sept. 19

Danske Bank A/S said the investigations into a portfolio of nonresident customers at its Estonian branch are being finalized, with the conclusions expected to be published Sept. 19.

The Danish banking group has been dogged by allegations of money laundering at its Estonian branch, resulting in tighter regulatory and legislative scrutiny in Denmark, Estonia and the wider EU. Around $150 billion worth of transactions reportedly flowed through the accounts of the branch between 2007 and 2015, much of it from companies with ties to Russia and other ex-Soviet states.

The bank had previously said it would forgo profits made from potential illicit transactions at the branch when the scale of the issue is made clear.