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Danske Bank exec steps down over Estonian money-laundering scandal

( April 5, 2018, 16:28 GMT | Official Statement) -- MLex Summary: Danske Bank said today its executive who was responsible for the lender's Estonian unit, which has been mired in a money-laundering scandal, has stepped down. Lars Mørch, who was responsible for business banking since 2012, including Danske Bank’s Baltic operations, will formally leave after October 2019. "It is now clear that the bank should have undertaken more thorough investigations at an earlier point," said the chairman of the bank's board, Ole Andersen.Full statement follows. ...

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