Danske Bank has outlined plans to quit Russia by January next year after the Danish bank was rocked by allegations its Estonian branch was involved in a mind-boggling $230bn money laundering scandal, bne IntelliNews can reveal.nnIn a memo to his contacts, Russia Country Manager Edvin Kornelius yesterday said “goodbye to our Moscow corporate team” as well as part of the bank’s remaining St Petersburg personnel. Kornelius said the remaining Moscow-based clients will be supported out of St Petersburg until the lender’s full closure in January next year.
Bne Intellinews: Danske Bank to exit Russia amid money laundering scandal
People walk past a branch of Denmark's Danske Bank in Tallinn, Estonia, on Sept. 5, 2017.
