Posts tagged as Danske Bank

Danske Bank ordered to close branch in Estonia, will keep service centre in Lithuania

Wednesday, November 27, 2019

Estonia has ordered Danske Bank to close its branch in Tallinn by the end of the year. The bank, which was embroiled in a 200-billion-euro money-laundering scandal, is to close its operations in the Baltic states and Russia, though it plans to keep a service centre in Lithuania open. Danske’s interim chief executive Jesper Nielsen has confirmed that the Denmark-based bank will comply with Estonia’s request, reports. The Danske…

EU calls for probe into Danske money laundering scandal

Monday, September 24, 2018

The European Commission has called for an EU investigation into the regulatory failures that led to a multi-billion-euro money laundering scandal at Denmark’s Danske Bank. An audit ordered by Danske Bank addressing the activities of the bank’s Estonian branch from 2007 through 2015 showed that the bank’s non-resident customers moved over €200 billion. The audit identified that most of the 10,000 non-resident customers of the bank’s Estonian branch were suspicious,…

Danske Bank may announce its exit from Baltic States

Thursday, April 26, 2018

Danske Bank Group’s office in Lithuania may announce on Thursday, 27 April, its plans to leave Lithuania and, possibly, the Baltic States, as BNS news agency’s Lithuanian branch was told by two sources. According to the news agency, Danske Bank customer service centre in Vilnius will continue functioning. Danske Bank does not comment on this situation. Vaida Bičkute, press-secretary of the bank’s Lithuanian branch, only said that the bank will…