Danish leaders want to probe Danske Bank

Bloomberg

Investigations into money laundering at Danske Bank A/S should be expanded to include the lender’s possible use of gold as a way to help clients in Estonia hide their fortunes, according to Danish lawmakers.
“Danske Bank has some explaining to do,” Torsten Schack Pedersen, a Liberal Party member on the parliament committee that oversees financial legislation, said by phone.
Business Minister Simon Kollerup said investigators now “need to get to the bottom of this case.”
The comments follow revelations that Danske Bank, at the height of its dirty-money scandal, started offering gold bars to wealthy clients to help them keep their fortunes hidden.
The bank’s Estonian branch, which was already wiring billions of client dollars to offshore accounts, told a select group of customers, mostly from Russia, that they could also convert their money into gold bars and coins.