March 13, 2018 / 3:19 PM / 3 months ago

BRIEF-Danske Bank has not been good enough at preventing money laundering at its Estonia branch in the past -Chairman

March 13 (Reuters) - Danske Bank’s chairman Ole Andersen said in a statement on Tuesday:

* “THE BOARD OF DIRECTORS TAKES IT VERY SERIOUSLY THAT HISTORICALLY WE WERE NOT GOOD ENOUGH AT PREVENTING MONEY LAUNDERING AT OUR BRANCH IN ESTONIA”

* “INVESTIGATIONS MAY TAKE UP TO 12 MONTHS TO COMPLETE, AND WE EXPECT TO BE ABLE TO SHARE OUR FINDINGS BY SEPTEMBER 2018”.

* “SHOULD THE INVESTIGATIONS UNCOVER MISCONDUCT ON THE PART OF EMPLOYEES OR MANAGERS, WE WILL OF COURSE ENSURE THAT THE NECESSARY STEPS ARE TAKEN” Further company coverage: (Copenhagen newsroom)

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