New leaks show 1.3m transactions involving mainly tax haven shell companies

Shares in European banks were hit as revelations from the Troika Laundromat investigation raised new questions about the extent of their involvement in the movement of suspicious funds from Russia into Europe.

Austria’s Raiffeisen Bank International, Finland’s Nordea Bank and Germany’s Deutsche Bank have been drawn into the widening money laundering allegations, which began with revelations about the alleged Russian capture of the Estonian branch of Danske Bank. The Danish lender has lost half of its market value since claims about its Baltic operations first surfaced.

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