According to RIA Novosti with reference to the press service of a credit institution, Danske Bank, the largest bank in Denmark, ceases operations in Russia and the Baltic countries.

On February 19, the financial body of the Estonian government demanded to suspend the activities of the branch of Danske Bank for eight months in the country.

Danske Bank reports that the bank, regardless of the decision of the Estonian regulator, decided to suspend its operations in Estonia, Latvia, Lithuania and Russia, in order to focus on the Northern Europe market.

It is reported that only the service center in Lithuania, which performs a number of administrative functions, will continue its work.

In November 2018, it was reported that the Danish authorities had filed preliminary charges on Danske Bank in 4 counts regarding violation of the law by the Estonian unit for several years.

The charge was money laundering. A statement by Danske Bank states that the charges were filed by the Danish public prosecutor for serious international and economic crimes on the basis of the results of an investigation launched in August 2018. The charges relate to the period from February 1, 2007 to the end of January 2016.

Almost all transactions with the Estonian branch of Danske Bank in the amount of 200 billion euros were in doubt.

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