(Bloomberg) -- Danske Bank A/S said that the U.S. Securities and Exchange Commission is now also conducting an investigation into the Danish lender’s money laundering case.

The bank is already the target of criminal probes in Denmark, Estonia and France. It’s also being investigated separately by the U.S. Justice Department, and is “cooperating with all relevant authorities in order to clarify the full details of the case,” it said in a statement on Thursday.

Shares in the bank declined on the news, and traded as much as 5 percent lower in Copenhagen.

News of yet another investigation comes as a $230 billion scandal engulfing Danske continues to spread, with financial regulators in Denmark and Estonia now under investigation by the European Banking Authority. On Wednesday, Swedbank AB was the latest Nordic lender to be targeted by allegations of money laundering, wiping well over $5 billion off its market value in less than two days.

Danske is accused of letting a tiny branch in Estonia become a hub through which illicit funds from the former Soviet Union made their way to the West. The bank’s investors are bracing for fines, potentially of billions of dollars.

“We have no information about when the investigations conducted by DOJ and SEC are expected to be completed, nor do we know what the outcome of these will be. We continue to cooperate with the authorities in order to establish a complete picture of the events of the case,” Jesper Nielsen, interim chief executive officer at Danske, said in the statement.

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To contact the reporter on this story: Frances Schwartzkopff in Copenhagen at fschwartzko1@bloomberg.net

To contact the editor responsible for this story: Tasneem Hanfi Brögger at tbrogger@bloomberg.net

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