Estonia and Denmark hit by money laundering scandals
Danske Bank says it should have acted faster on allegations
Estonia has become the second Baltic nation in recent months to close a commercial bank over allegations of money laundering.
The European Central Bank closed an Estonian commercial bank over the claims on March 26, while senior managers at Denmark’s largest bank say they failed to act swiftly enough to address charges that its Estonian subsidiary had been used for large-scale money laundering.
The actions come after the ECB ordered the closure of Latvia’s third-largest bank on February 24, as
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