Region: Estonia

Estonian prosecutors close Swedbank money laundering probe

01 March 2024

Two convicted in Danske Bank-linked money laundering case in Denmark

A Copenhagen court has sentenced two individuals to a combined 16 years in prison for their roles in laundering billions of dollars in illicit funds through Danske Bank’s Estonian branch.

05 February 2024

Defence blasts Estonian investigation at Danske Bank-linked money laundering trial

An ex-Danske Bank manager accused of helping criminals launder illicit funds through the Danish lender claims prosecutors made a series of fatal missteps during their investigation.

08 December 2023

Estonia money laundering trial of ex-Danske managers begins

The trial in Estonia of six defendants accused of taking part in a $1.6 billion money laundering scheme at Danish lender Danske Bank’s Estonian branch has begun.

14 November 2023

Deutsche Bank to pay $186 million for insufficient AML, sanctions controls

The US Federal Reserve Board ordered the bank to improve its anti-money laundering and sanctions compliance controls after finding that it violated two past orders.

19 July 2023

Estonian man arrested for exporting dual-use technology to Russia

On the same day it announced the arrest, the DOJ said it had succeeded in getting a judge to order forfeiture of more than $800,000 used in a separate illegal scheme to ship a “jig grinder” to Russia.

05 April 2023

Estonia identifies 1,500 cases of sanctions evasion

23 March 2023

EU accuses eight countries of failing to adopt whistleblower measures

16 February 2023

Danske Bank to pay $671m in Denmark over AML failures

Denmark has handed Danske Bank the country’s largest-ever penalty for breaching anti-money laundering laws by failing to monitor and report suspicious transactions in Estonia.

14 December 2022

Danske Bank puts aside $2bn to resolve money laundering probe

27 October 2022

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