Danske Bank, Denmark’s largest bank, pleaded guilty to bank fraud in Estonia and agreed to pay $2 billion as part of the settlement, the U.S.Department of Justice announced on Tuesday .
The settlement comes after a long-running investigation into billions of dollars in illicit payments that flowed from high-risk clients in Russia and elsewhere from bank branches in multiple countries including Great Britain, Denmark and Estonia, the Justice Department said in a statement.
According to admissions and court documents, between 2008 and 2016, the bank offered banking services through its branch in Estonia, Danske Bank Estonia.
The branch had a lucrative business line serving non-resident customers known as the NRP, the Justice Department said.
Read more: ERR.EE
