Reported by Reuters

Estonia’s state prosecutor said on Monday she had charged six people with laundering at least $1.6 billion and 6 million euros ($6.58 million) at the now-defunct Estonian office of Danske Bank, Denmark’s largest lender.

The operations in Estonia became the focus of a massive money laundering scandal after it was discovered some 200 billion euros ($219.5 billion) in suspicious payments flowed through the non-resident portfolio of the tiny branch between 2007 and 2015.

The six former employees of the branch intentionally concealed the real owners of funds of suspected criminal origin, which were transferred into accounts at Danske during 2007-2015, state prosecutor Maria Entsik said.

Prosecutors seized ten million euros worth of property, which they said the six had earned for providing money laundering services, Entsik’s office said in a statement.

Read full report: https://www.reuters.com/world/europe/estonia-charges-six-ex-danske-bank-branch-staff-money-laundering-case-2023-04-17/