Danske Bank closes down its banking activities in Estonia
Reuters
Published Oct 01, 2019 03:23AM ET
Danske Bank closes down its banking activities in Estonia
COPENHAGEN (Reuters) - Danske Bank (CO:DANSKE) said its Estonian business had entered into liquidation on Tuesday after the country's financial regulator in February ordered it to close its branch at the center of one of the largest ever money laundering scandals.
"Danske Bank has now essentially closed all banking activities in Estonia in accordance with the plan agreed with the Estonian FSA," said Executive Vice President and chairman of the Liquidation Committee, Frederik Bjoern, in a statement.
All Danske Bank logos and signs will be removed from the head office building in Tallinn in the coming days, it said.
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Written By: Reuters
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