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Danske Bank charged over alleged violations of money laundering law

Staff Writer |
Denmark's state prosecutor has filed preliminary charges against Danske Bank for alleged violations of the country's anti-money laundering act in relation to its Estonian branch.

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The country's biggest lender was placed under investigation in August over concerns that transactions worth billions of Danish crowns might have been part of criminal money laundering.

Danske Bank is involved in a money laundering scandal at its Estonian branch, involving 200 billion euros ($225 billion) in suspicious transactions between 2007 and 2016.

"We are still working intensively with the investigation," general prosecutor Morten Niels Jakobsen said in a statement on Wednesday. The prosecutor will now seek to clarify whether it can pursue criminal charges against Danske Bank or whether individuals can be held responsible, Jakobsen said.


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