Russian Intelligence Service used Danske Bank for money laundering

Illicit / Espionage Financing

In 2013, Danske Bank was made aware of potential money laundering through its branch in Estonia. The whistleblower report suggested that the bank was being used by Putin's family and a group of accused money launderers to launder funds, and that the Russian Intelligence Service, the FSB, was also using it for the same purpose. The bank may also have bee…