Two hundred billion euros ($234 billion) flowed through the Estonian branch of Danske bank. That's according to the latest report by the bank.

Chief executive Thomas Borgen quit following the money laundering investigation saying QUOTE '"It is clear that Danske Bank has failed to live up to its responsibility"

The investigation covers 9.5 million payments between 2007 and 2015. Over 6 thousand customers have been examined.

While Danske says it wasn't able to provide an accurate estimate of the suspicious transactions through its Estonian branch, it says the non-resident portfolio included customers from Russia, Azerbeijan, Ukraine and other ex-Soviet states.

Regulators and the financial community will scrutinise the Danske Bank report, which follows calls by Brussels for a new European Union watchdog to crack down on financial crime following a series of major money laundering scandals.