18/04/2019 (Agence Europe) – On Wednesday, 17 April, the European Banking Authority announced that it had closed its investigation into possible breaches of European Union law by the Danish and Estonian supervisory authorities in the money laundering scandal involving the Estonian subsidiary of the Danish group Danske Bank. Taking note of this decision, the Commission—which had requested the investigation (see EUROPE 12102/16)—wished to wait for a detailed report from the EBA before giving its opinion. Sven Giegold (Greens/EFA, Germany), quoted by Reuters, thought it was “scandalous” that the biggest money laundering scandal to date, involving €200 billion of suspicious transactions, is not being thoroughly investigated. The reform of the European financial supervision architecture is giving the European anti-money laundering authority a strengthened mandate without going so far as to create an ad hoc entity (see EUROPE 12237/15). (MB)