Several European banks have been drawn into money-laundering allegations centered on dirty Russian money. Much of the information has been made available to media outfits by The Organized Crime and Corruption Reporting Project, or OCCRP. Investigations into the scandal are under way in the Baltic nations, the US, the UK and the Nordic countries. Below is a list of the main banks touched by the scandal.
Danske Bank A/S
Denmark’s biggest bank admitted in September that much of about $230bn that flowed through its tiny Estonian unit between 2007 and 2015 was probably suspicious in origin.
The lender is being investigated by the U.S. Department of Justice and the Securities and Exchange Commission, as well as by authorities in Denmark, Estonia, the U.K. and France.
Swedish broadcaster SVT alleged that almost $6bn in suspicious transactions flowed between Danske Bank and Swedbank in 2007-2015, linking the