The Estonian Prosecutor's Office
confirmed on Thursday it expanded the investigation into money
laundering through Danske bank’s Estonian branch from two to more than
10 cases that are involving suspicious transactions worth US$ 2 billion.
Prosecutors were previously looking into suspect money flows worth $300 million relating to two separate cases.
After media broke the story about extensive money laundering in the Estonian branch of Denmark’s biggest bank, Danske launched an investigation into 15,000 of its customers and 200 billion euro (US$222 billion) worth of transactions.
In 2018, the bank admitted that it 6,200 customers had hit the most risk indicators and that most of them have been found to be suspicious. Most of the customers were from Russia and other post-Soviet countries.
The bank closed its branches in the Baltics and promised to cooperate with investigators. The scandal also triggered worldwide probes and lawsuits.
Prosecutors were previously looking into suspect money flows worth $300 million relating to two separate cases.
After media broke the story about extensive money laundering in the Estonian branch of Denmark’s biggest bank, Danske launched an investigation into 15,000 of its customers and 200 billion euro (US$222 billion) worth of transactions.
In 2018, the bank admitted that it 6,200 customers had hit the most risk indicators and that most of them have been found to be suspicious. Most of the customers were from Russia and other post-Soviet countries.
The bank closed its branches in the Baltics and promised to cooperate with investigators. The scandal also triggered worldwide probes and lawsuits.
Read more: Estonia: Danske Bank Money Laundering Probe Expands
