U.S. law enforcement is reportedly investigating Denmark’s largest bank over allegations of laundering money from Russia and former Soviet states.
The Wall Street Journal reported Friday that Danske Bank is facing probes over a series of transactions at their Estonian branch over several years through 2015.
A confidential whistleblower reportedly filed a complaint with the Securities and Exchange Commission (SEC) regarding the potential money laundering.
The SEC, Justice and Treasury departments are all independently investigating Danske, the Journal reported.
The bank initiated an internal search last year looking into a reported $150 billion that moved through non-Estonian accounts at the branch.
The Estonian government is also investigating 26 former Danske employees on laundering charges, the Journal reported.
The whistleblower identified Deutsche Bank AG and Citi Group Inc. as involved with the transactions through the Estonia branch, both of which are overseen by U.S. regulators.
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US investigating possible Russian money laundering through Denmark's largest bank: report https://t.co/RzUvW0XXN7 pic.twitter.com/GyRhTPsoLT
— The Hill (@thehill) September 15, 2018
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