BCN-36Danske Bank unable to estimate amounts laundered in Estonia, CEO resigns

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ZCZC

BCN-36

DENMARK-RUSSIA-ESTONIA-BANKING-DANSKE

Danske Bank unable to estimate amounts laundered in Estonia, CEO resigns

COPENHAGEN, Sept 19, 2018 (BSS/AFP) – Denmark’s largest lender Danske Bank
said Wednesday it was unable to determine the amount of money believed to
have been laundered through its Estonian branch between 2007 and 2015, and
said its chief executive was resigning.

“It is clear that Danske Bank has failed to live up to its responsibility
in the case of possible money laundering in Estonia,” chief executive Thomas
Borgen said in a statement, as he announced his resignation.

BSS/AFP/HR/1322