Danske Bank Faces U.S. Inquiry Over Money Laundering

October 5, 2018


COPENHAGEN — Danske Bank, which last month acknowledged failing to prevent suspected money laundering at its Estonian branch, has now drawn the attention of United States authorities.

In a statement on its website, the Danish lender said it was cooperating with the Department of Justice in a criminal investigation of flows of money out of the bank’s branch in Estonia. Denmark’s financial regulator and authorities in Estonia and Britain have already initiated investigations.

“We are cooperating with the authorities investigating us as a result of the case,” the bank’s interim chief executive, Jesper Nielsen, said. “However, it is too early to speculate on any outcome of the investigations.”

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