Danske Bank expands investigation into activity of Estonian branch

  • 2017-09-27
  • BNS/TBT Staff
Danske Bank has expanded its ongoing investigation into the customers and transactions of its Estonian branch from 2007 to 2015. The preliminary investigation carried out by regulatory consulting firm Promontory Financial Group showed that the bank's Estonian branch had several major deficiencies that led to the branch not being sufficiently effective in preventing it from potentially being used for money laundering in the period from 2007 to 2015.   The deficiencies listed included the lack of a proper culture for and focus on anti-money laund...
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