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Monday 18.06.2018 | Name days: Madis, Alberts

Estonian financial watchdog to investigate Danske Bank again over possibly permitting money laundering

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The financial services regulator of Estonia has stated it would examine is Denmark’s leading lender, Danske, has deliberately failed to disclose information to the regulator, when several inspections were carried out in 2014 in its Danske Bank Estonia company.

Canadian-British news agency Reuters reports that Livia Vosman, communications head of the FSA authority, noted to it: «We will immediately start a new investigation and we will be asking for the information that was not provided to us earlier».

Danske’s head of compliance, Anders Meinert Jørgensen, wrote to Reuters that the lender had held constructive talks with Estonian authorities and added: «We have launched a thorough investigation to get to the bottom of the events at that time in our Estonian branch».

The Estonian investigation comes after a news report in the Danish newspaper Berlingske and Britain’s Guardian on also on February 27 that was about a whistleblower having alerted the bank in December 2013 about money laundering linked to Russia through its Estonian branch.

Denmark’s largest lender has also stated that it was examining if its Lithuanian and Latvian branches had possibly been involved in money laundering, expanding its own investigation of Estonian dealings.

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