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ING Italy investigated over alleged money laundering – source

Prosecutors in Milan have begun a formal investigation into alleged money laundering involving Dutch bank ING Groep NV’s Italian business,… Read More

Swedbank to Release AML Report on Friday

Swedbank will publish the findings of a third-party investigation into whether it processed over $10 billion linked to a purported Russian money laundering network, the institution said Monday. The Stockholm-based lender hired Forensic Risk Analysis to conduct the analysis in February following a report by Swedish television company SVT alleging that the… Read More

Danske Bank investors seek $475 million in damages over money laundering scandal

Two U.S. law firms have filed a lawsuit against Danske Bank on behalf of institutional investors over a 200 billion euro ($227 billion) money laundering scandal. Grant & Eisenhofer P.A. and DRRT filed the lawsuit in Copenhagen on behalf of investors from 19 countries, asserting “fraud claims stemming from a… Read More