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Monday, December 6, 2021

$1 trillion flowed through Estonia, says central bank: Bloomberg

 trillion flowed through Estonia, says central bank: Bloomberg© Reuters. $1 trillion flowed through Estonia, says central bank: Bloomberg

COPENHAGEN (Reuters) – Banks doing business in Estonia handled about 900 billion euros ($1.04 trillion) in non-resident, cross-border transactions between 2008 and 2015, Bloomberg reported on Wednesday based on figures from the country’s central bank.

Estonia has been at the center of a major money laundering scandal involving Denmark’s Danske Bank (CO:) and non-resident accounts.

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Source: Investing.com

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