{"id":6007,"date":"2019-02-20T14:30:06","date_gmt":"2019-02-20T14:30:06","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=6007"},"modified":"2019-09-06T17:00:06","modified_gmt":"2019-09-06T16:00:06","slug":"danske-bank-money-laundering","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/02\/danske-bank-money-laundering\/","title":{"rendered":"Danske Bank Closed Branch in Estonia – Money Laundering Scandal Saga"},"content":{"rendered":"

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1 min read<\/span><\/i><\/p>\n

\"Danske<\/p>\n

Danske Bank in Tallinn, Estonia<\/span><\/span><\/em><\/p>\n

Estonia ordered Danske Bank to close its local branch within months on Tuesday.<\/span><\/p>\n

Danish and Estonian regulators faced an EU investigation into their efforts to prevent one of the largest money laundering scandals ever.<\/span><\/p>\n

Danske Bank’s Estonian branch was found to have helped funnel some 200 billion euros ($226 billion) in suspicious payments from Russia, ex-Soviet states and elsewhere.<\/span><\/p>\n

According to <\/span>OCCRP (Organized Crime and Corruption Reporting Project<\/span>)<\/span><\/a>, Danske Bank Estonia is already implicated in other money-laundering schemes, involving billions of dollars from Azerbaijan flowing through the branch, some of which ended up in the pockets of European politicians who praised the Baku regime, a chronic human rights abuser.<\/span><\/p>\n

Another investigation, the Russian Laundromat, revealed that US $20\u201380 billion was moved out of Russia through a network of global banks, including Danske.<\/span><\/p>\n

Danske Bank Estonia is already implicated in other money-laundering schemes, involving billions of dollars from Azerbaijan flowing through the branch.<\/span><\/p>\n

This ultimatum was made public as Danish and Estonian regulators found on Tuesday they are being investigated by the European Union’s own banking watchdog.<\/span><\/p>\n

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