Danske Probes Spread as Swiss Look at Billions in Transfers
- Billions from Danske’s Estonia branch ended up in Switzerland
- Finma says its focus is on money-laundering rules compliance
Photographer: Freya Ingrid Morales/Bloomberg
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The Danske Bank A/S money-laundering scandal has triggered another probe as Swiss regulators look into whether lenders in the Alpine nation failed to detect the transfer of 12 billion euros ($14 billion) in possibly illicit funds.
Finma officials commented after a report indicated that Switzerland was a leading recipient of funds transferred from Danske’s troubled Estonian branch.