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Danske Bank Used by Lithuanian to Launder $4.1 Billion, Court Finds

The Danske Bank A/S headquarters in Copenhagen.
The Danske Bank A/S headquarters in Copenhagen.

Photographer: Chris Ratcliffe/Bloomberg

Updated on

A court found a Lithuanian woman guilty of taking part in a scam that used Danske Bank A/S accounts to launder 29.5 billion kroner ($4.2 billion) for wealthy people from Russia and the Baltic countries. 

The 49-year-old woman, who has lived in Denmark for 20 years, will serve eight years in prison, Danish prosecutors said on Thursday. Her sentence adds to a previous jail term received for a similar, but smaller, case.