- Danske Bank (OTCPK:DNSKF) is preliminarily charged by Denmark's state prosecutor with violating the nation's anti-money laundering law in connection with the bank's Estonian branch.
- The bank was charged by the prosecutor for Serious Economic and International Crime on four counts for the branch's activities from February 2007 to January 2016.
- Danske Bank says it's cooperating with authorities on the investigation.
- “We did expect to be preliminarily charged by SØIK in continuation of the findings and conclusions of the investigations we presented in September this year,” says acting CEO Jesper Nielsen.
- Earlier this year, Danske Bank disclosed that its tiny Estonian branch moved $230B in suspicious funds linked to Russia and other former Soviet countries into the global banking system.
- Previously: Deutsche Bank (DE:DBKGn) handled about $150B of Danske's fishy funds: WSJ (Nov. 20)
- Related tickers: OTCPK:DNKEY, OTCPK:DNSKY
- Now read: Daily (Almost) Compounder Graph: BSB Bancorp Vs. TCF Financial
Original article