Deutsche Bank was correspondent bank for Danske Bank in Estonia: spokesman

By Kitco News / November 19, 2018 / www.kitco.com / Article Link

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) processed payments for Danske Bank (DANSKE.CO) in Estonia but ended the relationship in 2015 after it found suspicious activity, a spokesman for the German lender said on Monday.

“Our role was to process payments for Danske Bank,” he said. “We terminated the relationship in 2015 after identifying suspicious activity.”

Reporting by Tom Sims; editing by David Evans

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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