The Banks That Helped Danske Bank Estonia Launder Russian Money
In it she made the simple but essential point that while Danske Bank, through its Estonian branch, had laundered $234 billion,
…Danske Bank Estonia couldn't do this by itself. Much of the money was paid in U.S. dollars, and for that, it needed help from other banks. Banks that had access to Fedwire, the Federal Reserve's electronic settlement system. Big banks, in other words.