Although wavelet-based image denoising is a powerful tool for image processing applications, relatively few publications have addressed so far wavelet-based video denoising. The main reason is that the standard 3-D data transforms do not provide useful representations with good energy compaction property, for most video data. For example, the multi-dimensional standard separable discrete wavelet transform (M-D DWT) mixes orientations and motions in its subbands, and produces the checkerboard artifacts. So, instead of M-D DWT, usually oriented transforms suchas multi-dimensional complex wavelet transform (M-D DCWT) are proposed for video processing. In this paper we use a Laplace distribution with local variance to model the statistical properties of noise-free wavelet coefficients. This distribution is able to simultaneously model the heavy-tailed and intrascale dependency properties of wavelets. Using this model, simple shrinkage functions are obtained employing maximum a posteriori (MAP) and minimum mean squared error (MMSE) estimators. These shrinkage functions are proposed for video denoising in DCWT domain. The simulation results shows that this simple denoising method has impressive performance visually and quantitatively.