COPENHAGEN: US authorities are closely following an investigation into Danske Bank over allegations that Denmark’s biggest lender had been involved in money laundering through its Estonian branch.
Investors are watching for signs of a possible US-led fine, which would be another big hit to the bank, which has seen its shares fall by more than a fifth over the past six months as the scandal has unravelled.
“We are following this case very closely,” Assistant Secretary for Terrorist Financing at the US Department of the Treasury, Marshall Billingslea, told Danish daily Berlingske.
He declined to confirm whether US authorities had started an investigation into Danske Bank, which is being probed in both Denmark and Estonia.
A Danske spokesman declined to comment on a potential dialogue between the bank and US authorities.
“It is completely natural that there is interest for the case in Estonia from different authorities, including the US,” he said in an emailed comment to Reuters, adding that the bank is making information available to authorities if needed. — Reuters
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