EBA examines Danish and Estonian AML supervision of Danske Bank

Danish and Estonian financial services regulators are underinvestigation by the European Banking Authority (EBA) over their roles in supervising Danske Bank, which revealed last September [2018] that non-resident customers were able to move €200 billion through its Estonian branch: Danish law firm Bruun & Hjejle, retained by the bank to examine the flows, reported that it “expects that a large part of the payments were suspicious”. [1]