In Estonia, the increase in the non-resident silver laundering scandal in the Estonian branch of Danske Bank. It's worth no more than ten, as originally estimated, but it's worth more than 130 billion euros. Estonian financial institutions are worried that this figure could increase. Meanwhile, the Danish Parliament has started hearings from former bank officials, which disclose new information.
For the potential of money laundering, Danske Bank has reported in the Estonian branch for several years already last year. At that time, relative "small amounts" was mentioned and washed in the bank. However, now, the chief officer reported on the bank position that the money laundering was a total of 130 billion euros.
Estonian and police financial supervisory authorities pay attention to money laundering problems. As the Estonian police officer disclosed in an interview with "Panorama & World", there are daily reports of possible inconsistencies in financial transactions.
"We receive at least five thousand reports annually of possible money laundering cases, and there are about two thousand bank suspicious transfers, while other reports are related to other types of banking operations," said Madis Reimand, Head of Hidden Unit Estonian Police Financial Information.
Money laundering was carried out through the Danish Bank Estonian branch between 2007 and 2015, but it is suspected that four years ago. Those state that most money laundering actions are asked after our eastern boundary.
"Most of the money laundering known to us includes non-resident companies, as well as high-grade officials from these countries of the former Soviet Union and Russia, but some Estonian companies are involved in providing payments, "said Reimand.
The Danske Bank scandal has already won global ratings. The Bank also concentrated on the United States Department of Justice, since three American banks were previously involved in the bank. They have previously left co-operation because, for example, the JPMorgan Bank in 2013 concluded that Danske dollar transfers did not comply with US currency laundering regulations.
The chief accountant of this case is the old Howard Willkinson, Head of Sales at Baltics Bank Danske. It states that a large number of Russian "money laundering machines" companies have registered in tax-free or non-taxed areas, such as Belize and the British Virgin Islands. Skeptical transfers were made to and from Danske Bank.
He already became aware of the inconsistencies in the bank in 2014, so it was reported to law enforcement authorities. However, in large volumes of money laundering, he blamelessly with the bank's lack of interest.
"I have a moral responsibility in this case to share information with the Danish Parliament and the people, which is a shame that four years later will continue to be a scandal. My name has been distributed & # 39 ; widespread in all newspapers, although I do not want it. Will Denmark or Estonia still want to report such cases? "Wilkinson stressed.
The investigation is currently comprising four countries – Estonia, Denmark, the United Kingdom and the United States. A European bank supervisor is also investigating the work of Danish and Estonia banking supervisory authorities in assessing whether the two countries have taken adequate steps to prevent large-scale money laundering.