10 Arrested in Estonia Over Danske AML Violations
Published On December 26, 2018
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The state prosecutor of Estonia confirmed that 10 individuals were detained in relation to the findings of investigations into widespread money laundering through the Estonian branch of Danske Bank. Other enquiries are afoot in Denmark, the UK and US. It is alleged that €200 bn has been laundered through the bank’s branch between 2007 and 2016.
Those arrested are said to be complicit in assisting clients to launder vast proceeds of crime ‘in a systematic and coordinated manner’. The individuals include a division head of the bank and a number of client relationship managers. More arrests are expected