Report: Russia Laundered Millions via Danske Bank Estonia

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February 26 2018

The Estonian branch of Danske Bank, Denmark’s biggest bank, closed the accounts of several companies in 2013 after realizing they had been used by a member of Vladimir Putin’s family and Russia’s intelligence service, FSB, to launder huge amounts of money, according to a leaked report.

A whistleblower had informed the bank’s Executive Board that the anti-money laundering procedures at its Estonia branch had completely failed and that the bank may “have committed a criminal offence” by aiding a company that had made several suspicious transactions and whose actual owners “included the Putin family and FSB.”