Kilvar Kessler, the chairman of the management board of the Estonian Financial Supervisory Authority, has revealed that Danske Bank was issued an injunction on 15 July 2015 and almost lost its banking licence, since the lender had failed to close the foreign accounts used for money laundering quickly enough.
Towards the end of 2015, Danske Bank reported that virtually all the accounts had been closed and therefore held on to its licence.
Questions still remain to be answered as to where the holders of the foreign accounts went when Danske Bank threw them out. “I actually have no idea at the moment,” Kessler has told the Dagens Nyheter newspaper.
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