Estonian Danske Bank Under Investigation for EUR €200 Bn Money Laundering Scandal

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Denmark’s Danske Bank has conceded to its Estonian branch being associated with ‘some exceptionally unsatisfactory and unpleasant matters’ regarding the passing of EUR €200 billion in unaccounted for funds through records held over several non-resident accounts; the books showed shortly after Danske’s bought Sampo Bank back in 2007.

The Lenders CEO has since stepped down from his post after an external investigation discovered ‘huge shortcomings’ in the bank’s tax evasion systems & ML procedures.