Sunday 24 June 2018

Putin family ‘used Estonian bank for money laundering’

In 2013, Danske Bank shut down 20 Russian customer accounts following a whistleblower report alleging that its Estonian branch had possibly been involved in illegal activity, according to reports.

The allegations emerged in a Danish daily (AP)
The allegations emerged in a Danish daily (AP)

By Associated Press Reporters

A whistleblower warned the management of Denmark’s biggest bank in 2013 that family members of Russian president Vladimir Putin and Russia’s spy agency were using its Estonian bank branch for money laundering, a Danish newspaper has reported.

The Berlingske daily said the leaked internal report indicated that the Danske Bank leadership knew “of far more serious conditions than previously stated”.

The paper added that in 2013, Danske Bank shut down 20 Russian customer accounts following a whistleblower report alleging that its Estonian branch had possibly been involved in illegal activity. The clients’ identities were kept secret at the time.

The paper shared details of the scheme with a group of anti-corruption reporters, among others.

There was no immediate comment from Danske Bank.

Press Association

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