Estonia Says It’s Entitled to Majority of Money Laundering Fines

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October 16 2019

Estonia should get the “majority” of fines that banks under investigation for their roles in Europe’s biggest money-laundering scandals are likely to face, Finance Minister Martin Helme said.

“We are talking about hundreds of millions at least, possibly about billions,” Helme said in a post on his Facebook page. He said he was in New York and had had discussions with lawyers “in an international law office” about how to ensure that Estonia takes part in investigations by U.S. authorities now underway and that his country receives proceeds from penalties imposed on lenders.