US closes Danske Estonia money laundering probe

  • 2020-12-21
  • BNS/TBT Staff
TALLINN - Danske Bank probably did not breach US sanctions when its Estonian unit handled billions of dollars in suspicious funds, Bloomberg reported on Saturday. This means the lender could be facing a smaller fine than previously feared. Denmark's biggest bank has been told by the US Department of the Treasury's Office of Foreign Assets Control (OFAC) that an investigation into it is being closed, according to a statement on Saturday. "OFAC has decided to take no action in relation to civil enforcement of US sanctions i...
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