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Borgen: "In Estonia, we have not been good enough at avoiding ... money laundering" (Photo: Ross G. Strachan)

Danish bank accused of Russia money laundering

Denmark's top lender, Danske Bank, played an "organised" role in a Russian money-laundering scam, French prosecutors have said.

The Tribunal de Grande Instance de Paris said the bank's branch in Estonia helped to move €15 million of "money from organised fraud and tax evasion" in Russia into France and other EU jurisdictions between 2008 and 2011.

It said the Danish lender did it via "multiple transactions … in an organised manner".

It said the debits were "without any econ...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Borgen: "In Estonia, we have not been good enough at avoiding ... money laundering" (Photo: Ross G. Strachan)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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