The U.S. Department of Justice has in recent weeks stepped up its investigation ...
), Denmark’s largest lender, into the United States. If proven, that could lead to steep financial penalties.
The DoJ’s focus on Germany’s largest bank and its work with Frankfurt prosecutors have not previously been reported. Danske’s admission last year that suspicious payments totaling 200 billion euros from Russia and elsewhere flowed through its branch in Estonia has triggered worldwide probes.Although the Justice Department requested information from Deutsche last year relating to Danske transactions, at the time its executives believed that the investigation was focused onDanske and that the German bank itself was not a target.
Estonian prosecutors are sharing their findings on Danske, hoping they will share in the proceeds in the event of U.S. fines, four people said.
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