About 60 investors are suing Danske Bank for 1.5B crowns ($224M) over alleged money laundering, their law firm said on Friday, the third such case filed against Denmark’s largest lender.
Several countries, including the U.S., are investigating the bank over €200B ($220B) of payments that flowed through its tiny Estonia branch between 2007 and 2015, many of which were considered suspicious.
“We will defend ourselves against the demands and deal with any development in collaboration with the bank’s lawyers,” Danske said in a statement.
The investors filing the suit include pension funds, insurance companies, and asset managers from at least 12 countries and are represented by the International Securities Associations and Foundations Management Company for Damaged Danske Investors. Danish law firm Nemeth Sigetty filed the suit in Copenhagen on behalf of the investors.