Danske pays €6.3m in France over laundering of tax fraud proceeds

Danske Bank has accepted a public interest fine of €6.03m (US$6.73m) and will pay damages of €300,000 (US$334,580) to the French state for assisting clients to shift the proceeds of organized tax fraud through accounts in France and abroad, notably in its Estonian branch, now closed, and in other credit institutions in Luxembourg.

Danske Bank has accepted a public interest fine of €6.03m (US$6.73m) and will pay damages of €300,000 (US$334,580) to the French state for assisting clients to shift the proceeds of organized tax fraud through accounts in France and abroad, notably in its Estonian branch, now closed, and in other credit institutions in Luxembourg.