Penalty Danske ⟩ Agreement with the US is reached: Estonia will receive 50millionsofdollars

Today, on January 7, the United States and Estonia signed an agreement, under which the US will allocate to Estonia 50 million dollars from the fines imposed on Danske Bank for washing money. The United States

and Estonia signed an agreement to share the money received from the payment of fines Danske Bank. Photo: Eesti saatkond Washingtonis

Today, 7 January, the United States and Estonia signed an agreement, under which the US will allocate to Estonia 50 million dollars from the fines imposed

on Danske Bank for washing money.

The fine money will direct to increase prevention, detection and investigation of financial crimes, including money laundering, cybercrime and financing terrorism. The agreement also promotes increased awareness of financial and cybercrime, as well as development of proceeds founded by criminal proceeds.

According to Chancellor of the Ministry of Justice and Digital Tynis Saara, the agreement is an important step in cooperation between Estonia and the United States in the area of international law: “It strengthens the capacity of Estonia and the entire region to fight financial crimes. Money funds will help us to further increase awareness and develop skills of our specialists , which are necessary to fight money laundering and other serious financial crimes, as well as cybercrime. Our cooperation with the United States is valuable,andthisagreementreaffirmsourjointcontributionandcommitmenttotheruleoflawacrosstheworld.”

Agreement

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