DOJ Shares $50M Danske Bank Loot with Estonians

Posted 1/7/25

The Justice Department announced Tuesday that it entered into an agreement to share $50 million in forfeited assets with the Republic of Estonia in recognition of Estonia’s assistance in the successful prosecution of Danske Bank and related forfeiture.

In December 2022, Danske Bank pleaded guilty to one count of conspiracy to commit bank fraud in a scheme to defraud U.S. banks regarding Danske Bank Estonia’s customers and anti-money laundering controls to facilitate access to the U.S. financial system. According to admissions and court documents,

Under the agreement, Estonia will use the funds to strengthen its capacity to fight financial crime.

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