FIRST AIRED: October 4, 2018

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COMING UP:Share Opener Variant 2

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Transcript

00:00:01
>> Danske Bank investors have been fretting for months over the possibility of a US criminal investigation into a 200 billion Euro money laundering scandal. No surprise then that shares fell 3% to their lowest since January 2015, after the lender confirmed the Department of Justice's interest. It's looking at whether Danske broke US rules in allowing payments through its Estonian operation.
00:00:26
And it could mean significant penalties for Denmark's largest bank. In 2015, France's BNP Paribas paid a record $8.9 billion to settle claims that it violated US sanctions against Sudan, Cuba, and Iran. Many of the non-resident accounts at Danske's Estonia branch were held in Russia, which is currently the subject of similar sanctions.
00:00:50
The scale of the allegations is now becoming clearer. The lender has said banks doing business in Estonia handled more than $1 trillion in cross-border flows in the decade after 2008.