The European Banking Authority (EBA) launched an investigation into the work of the financial regulators in Denmark and Estonia, both of which are having to respond to allegations of possible major breached of EU law stemming from approximately €200 billion of suspicious payments that were channelled from Russia, Ukraine, and other former Soviet republics through the Estonian branch of Danske Bank from 2007 to 2015.
If found to be in breach of EU law, Danske Bank could face a fine equal to 10% ...

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