The European Banking Authority's (EBA) inaction in the money laundering scandal involving the Estonian subsidiary of the Danish Danske Bank group involving €200 billion of suspicious transactions (see EUROPE B12100A5) came under fire on Monday 29 April.
The EBA's decision to close the investigation, in the absence of a finding of a breach of EU law, was taken in mid-April (see EUROPE B12239A30). But the revelations on Sunday by several newspapers, including Le Monde and the...