Estonia ordered Danske Bank Tuesday to close its branch in Tallinn before the end of 2018 and transfer all customers and loan contracts to other banks in Estonia following a huge
money laundering scandal. Kilvar Kessler, head of Estonia's banking regulator Finantsinspektsioon,
said Danske Bank had "dealt a serious blow to the transparency, credibility and reputation of the Estonian financial market" while Danish authorities "handled the bank softly".
