Danske Bank A/S’s Estonian operations were used to launder as much as $8.3 billion, more than double previous estimates, according to Bill Browder, the fund manager who is leading a global campaign against the Kremlin over human-rights abuses.
As Browder presses his case, the disclosure could deepen the legal and reputational woes of Denmark’s biggest lender, which was reprimanded by regulators in May for failing to monitor for money laundering but avoided prosecution.
