A probe called by a French court into the bank's Estonia operations have been halted, the lender said.

Copenhagen-headquartered Danske Bank, which provides services including wealth management, has announced that a French court probe into alleged money laundering via the bank’s operations in Estonia has been terminated. 

Transactions carried out by Danske Bank Estonia clients from 2008 to 2011 had been investigated by the Tribunal de Grade Instance de Paris, Danske said in a statement last Friday. 

“The French court has changed the status of Danske Bank in the investigation to that of an assisted witness. This means that Danske Bank is no longer placed under formal investigation, but still forms part of the investigation as an assisted witness (”témoin assisté”),” the bank said.

“Danske Bank continues its cooperation with the French authorities, and we do not comment any further on the case pending the investigation,” it added. 

In September last year, this publication reported that that it widened the scope of its probe into events at the Estonia branch where alleged illicit transactions are said to have taken place. The saga was known as the “Azerbaijani Laundromat” scam.