Danske Bank A/S has informed investors that it is under formal investigation in France for suspected money laundering related to non-resident customer transactions in the bank’s Estonian branch. The charge laid by the investigating judge of the Tribunal de Grande Instance de Paris accuses the bank of having assisted in investing, concealing, or converting the proceeds of crimes in France, Estonia, Luxembourg, and elsewhere through the vehicle of fictitious accounts. According to the charge, the accounts were designed to facilitate tax evasion and to conceal the final destination of approximately € 21.6 million.
February 7, 2019
French authorities launch formal investigation of Danish bank
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