Under Fire Danske Bank Faces Fresh Money Laundering Inquiry

Under Fire Danske Bank Faces Fresh Money Laundering Inquiry
Danske Bank sign is seen at the bank's Estonian branch in Tallinn, Estonia, on Aug. 3, 2018. Ints Kalnins/Reuters
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COPENHAGEN—Danske Bank faced a new Danish money-laundering inquiry on Sept. 20 as political anger spread over a scandal involving 200 billion euros ($234 billion) in payments, many of which were suspicious, through Estonia.

Chief Executive Thomas Borgen resigned on Sept. 19, after an investigation commissioned by Danske Bank exposed control and compliance failings, fuelling calls for more stringent European Union rules after several such scandals.