Danske Bank money laundering scandal

Common card · No. 483363

The Danske Bank money laundering scandal arose in 2017–2018, when it became known that around €200 billion of suspicious transactions had flowed from Estonian, Russian, Latvian and other sources through the Denmark-based Danske Bank's only branch in Estonia from 2007 to 2015. It has been described as possibly the largest ever money laundering scandal in Europe, and possibly the largest in world history. It includes incoming funds from Estonia (23%), Russia (23%), Latvia (12%), Cyprus (9%), the UK (4%) and others (30%, more than 150 countries each of which account for a smaller part than the UK). Outgoing funds were distributed between Estonia (15%), Latvia (14%), China (7%), Switzerland (6%), Turkey (6%) and others (52%)

Read on Wikipedia · Image Per Meistrup, CC BY-SA 4.0