Estonia

Danske, Execs Sued By US Shareholder
Danske, Execs Sued By US Shareholder
January 09, 2019  |  Legal

A New York pension fund is suing Danske Bank and four former executives, accusing the bank of lying to investors and boosting its share price...

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Estonia Government Goes All Digital
Estonia Government Goes All Digital
December 27, 2018  |  Innovation

Keep your eyes on Estonia in the coming year. Its ongoing efforts to make government more digital promise to guide similar pushes in other parts...

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Danske Fraud Case Leads To Eight Arrests In Estonia
Danske Fraud Case Leads To Eight Arrests In Estonia
December 19, 2018  |  Bank Regulation

Eight people in Estonia have been arrested in connection to Danske Bank’s money laundering scandal. According to Reuters, Estonian newspaper Postimees reported on Tuesday (December 18)...

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Scandal-Ridden Danske Handled More Than $1T In X-Border Payments
Scandal-Ridden Danske Handled More Than $1T In X-Border Payments
October 23, 2018  |  Security & Fraud

Danske Bank, which is involved in a 200 billion euro ($230 billion) money laundering scandal in Estonia, revealed that it processed more than $1 trillion...

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Danske Bank CEO Thomas Borgen Stepping Down
Danske Bank CEO Thomas Borgen Stepping Down
September 19, 2018  |  Security & Fraud

Danske Bank’s chief executive Thomas Borgen is stepping down from Denmark’s largest bank amid a money laundering scandal with its small but profitable Estonian branch....

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Investors Flee Danske Bank Following Money Laundering Allegations
Investors Flee Danske Bank Following Money Laundering Allegations
July 09, 2018  |  Bank Regulation

Danske Bank is facing backlash from a money laundering scandal that has now resulted in it losing client Unity Technologies, a video game startup that is valued...

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Estonia Shelves Plans For National Cryptocurrency
Estonia Shelves Plans For National Cryptocurrency
June 01, 2018  |  Cryptocurrency

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of...

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Estonia Sees $13B In Money Laundering Over Four Years
Estonia Sees $13B In Money Laundering Over Four Years
May 25, 2018  |  International

After reports of money laundering caused lenders in Estonia and Latvia to close, police said on Friday (May 25) that more than $13 billion (or...

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Is The Putin Family Using An Estonian Bank For Money Laundering?
Is The Putin Family Using An Estonian Bank For Money Laundering?
February 28, 2018  |  Security & Fraud

Reports out this morning indicated that a whistleblower inside Denmark’s biggest bank warned the institution that its Estonian branch was being used by members of...

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