Investigations of Danske Bank’s branch in Estonia
In September 2017, Danske Bank launched thorough investigations into its branch in Estonia on the basis of suspicions that the branch was used to launder many billion kroner in the period from 2007 to 2015. On this site, you can read facts about the investigations, see frequently asked questions and get a timeline of events.
Once the investigations are completed in September, we will publish the conclusions and make them available on this site. If partial conclusions can be drawn before that, we will update the site accordingly.
As a bank, we have an important responsibility for contributing to the combating of money laundering and other financial crime. We must know our customers and make sure that we detect and report suspicious transactions to the authorities. Every year, we allocate considerable resources to this work. Today, more than 1,000 employees at Danske Bank work in this area, and over the past year alone, we have sent almost 9,300 reports to the authorities regarding suspicious matters.
That is why we take the matter regarding possible money laundering at our branch in Estonia very seriously and wish to get the bottom of it and to understand how something like that could potentially take place.
The Executive Board and the Board of Directors of Danske Bank are of the clear view that the bank should not benefit financially from suspicious transactions that have taken place in the non-resident portfolio in its Estonian branch. Consequently, the bank intends to make the gross income from such transactions available to the benefit of society, for instance through supporting efforts to combat financial crime.