Danske admits ‘major deficiencies’ in money laundering case
CEO quits as bank publishes internal investigation into irregular operations at Estonian branch
Danske Bank has admitted its governance and risk prevention methods were deficient in preventing major money laundering at its Estonian branch.
An internal investigation, a report of which was published on September 19, found suspicious payments amounting to €200 billion ($234 billion) flowed through the bank’s Estonian branch between 2007 and 2015. Immediately after the publication of the report
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