Dirty money risks encroach on Estonia's digital utopia


  • TECH
  • Friday, 01 Feb 2019

Estonian President Kersti Kaljulaid speaks during an interview in Tallinn, Estonia January 22, 2019. REUTERS/Ints Kalnins

Estonia’s push to become a digital society has left it vulnerable to dirty money and sanction breaches, the country’s top banking regulator has warned.

The Baltic state took centre stage in one of the largest-ever money laundering scandals last year – the Estonian branch of Danske Bank helped funnel money from Russia and other ex-Soviet states, a report by the Danish lender showed.

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