Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. authorities to scrutinize Danske Bank over money laundering scandal: report
TheLocal.dk ^ | 14 September 2018 19:00 CEST+02:00

Posted on 09/16/2018 6:48:02 PM PDT by Olog-hai

A multi-million kroner money laundering case at Danske Bank’s Estonian branch could be investigated by US authorities.

The Justice Department, Treasury Department and Securities and Exchange Commission are each examining Danske Bank over the allegations of money laundering flows, according to a report by the Wall Street Journal.

The investigations are the result of a complaint made by a confidential whistleblower to US authorities more than two years ago, according to a person familiar with the matter and documents reviewed by the WSJ, the newspaper writes.

In early August, the Danish state prosecutor’s office for serious economic and international crime said Danske Bank was being investigated and prosecutors would decide whether to press charges.

Danske Bank has launched two internal probes of its own regarding the allegations, and Estonian authorities are also investigating.

In 2017, newspaper Berlingske claimed the bank had been involved in the laundering of around $3.9 billion of dirty money from several eastern European countries. But The Wall Street Journal reported earlier this month that investigators were probing transactions of up to $150 billion “from companies with ties to Russia and the former Soviet Union” that transited Danske Bank’s Estonian branch between 2007 and 2015. …

(Excerpt) Read more at thelocal.dk ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Germany; Russia
KEYWORDS: 2007; 2015; 201808; 201809; danskebank; denmark; deutschebank; doj; estonia; eussr; moneylaundering; sec

1 posted on 09/16/2018 6:48:02 PM PDT by Olog-hai
[ Post Reply | Private Reply | View Replies]

To: Olog-hai

I have heard stories that if all of the money laundering on Planet Earth were to completely stop: That the international banking industry would fall apart almost instantly. And that the banks in Mexico, central, and South America and China would go beserk with problems. In other words, money laundering makes the banking world go round.


2 posted on 09/16/2018 8:01:26 PM PDT by Trumpet 1 (US Constitution is my guide.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

Denmark


3 posted on 09/16/2018 8:01:36 PM PDT by Menehune56 ("Let them hate so long as they fear" (Oderint Dum Metuant), Lucius Accius (170 BC - 86 BC))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Olog-hai

What right does the US government have to examine that?


4 posted on 09/16/2018 8:40:10 PM PDT by wastedyears (The left would kill every single one of us and our families if they knew they could get away with it)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson