Finnish Police Charge Two in Record Laundering Case, YLE Says

Finnish police have charged two Estonian nationals in connection with what is likely to be the Nordic country’s biggest money laundering case, public broadcaster YLE reported, citing detective superintendent Jarmo Koistinen.

The men are alleged to have moved as much as 140 million euros ($155 million) of Russian organized crime money in 2014 by wiring rubles to bank accounts in Finland opened by a Finnish construction company they managed, YLE said. The banks, Danske Bank A/S and Nordea Bank AB, reported the suspicious transactions to authorities.

The suspects denied they were part of a money laundering scheme and said the ...