Danske Bank out of Russia and Baltic countries

Danske Bank уходит из России и стран Балтии

Guide Danske Bank has recognized the seriousness of the case about the possible laundering of billions of euros in Estonia.

The largest commercial Bank in Denmark Danske Bank is suspending its operations in Russia and the Baltic States from-for suspicions in money laundering through its Estonian subsidiary. About it reports a press-service financial institution Tuesday, February 19.

“We recognize the seriousness of the case of possible money laundering in Estonia and its negative impact on Estonian society. We regret the need to leave Estonia in these circumstances,” said acting Director General of Danske Bank Jesper Nielsen.

Earlier Tuesday, the Estonian financial Inspectorate has ordered to close the local branch of Danske Bank. As noted in the message controller, Danske Bank should stop operations in Estonia within eight months from the date of receipt of a prescription, while taking into account the interests of the current clients of the Estonian branch. Not later than 20 days Danske shall give the financial regulator a plan for closing the branch.

“Serious violations should be permitted Danske for many years, and the damage to the credibility of the financial sector of Estonia, is worthy of unequivocal condemnation,” said the Financial supervision authority.

Earlier it was reported that revealed large-scale cases of money laundering in the Estonian branch of Danske Bank. 2007-2015 years through this office passed 201 billion euros, the origin of which raises questions. The scandal led to the resignation of the head of the Danish Bank Thomas Borgen. The Prosecutor’s office of Estonia detained 10 people suspected of money laundering.

The authorities of Denmark, France, Estonia, great Britain and the United States began its own investigation in relation to Danske Bank.

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