Danske threat to Denmark’s rating triggers political action

Financial scandal: A pedestrian walks past Danske Bank headquarters in Copenhagen. Danske has admitted that about US234bil flowed through a tiny unit in Estonia between 2007 and 2015. — Bloomberg

COPENHAGEN: As Denmark comes to grips with its role in one of Europe’s worst dirty money sagas, its parliament is working overtime to stop the nation’s credit rating from being dragged down by the scandal.

Danske Bank A/S has admitted that about US$234bil flowed through a tiny unit in Estonia between 2007 and 2015, and is treating a “large” share of that amount as “suspicious” transactions.