4-year prison sentence for Lithuanian woman for money laundering through Danske's Estonian branch
After admitting to laundering money through the Estonian branch of Danske Bank, a Lithuanian woman was given a sentence of four years and one month in prison.
The 49-year-old woman testified in court in Copenhagen that she assisted in the laundering of about €4BN between 2008 and 2016 through 40 limited partnerships that had bank accounts with Danske's Estonian branch.
Investigations into Danske's now-defunct Estonian operations, where it is alleged that more than €200BN in suspicious transactions flowed through the branch, led to the discovery of the case, according to Reuters.
The woman will be deported from Denmark after completing her sentence of nearly four years in prison related to a different case of money laundering.
Danske Bank announced earlier this year that it would forgo paying a dividend for the first quarter because it faced a "material" fine related to the scandal.
Authorities in the US, Denmark, France, and Estonia are currently looking into the lender because of the suspicious transactions that passed through it between 2007 and 2015.
Danske stated in a statement that it was having "initial discussions with the US and Danish authorities on resolution of the Estonia matter."
By fLEXI tEAM