1st October 2019
The former head of the Estonian branch of Denmark’s scandal-plagued Danske Bank committed suicide, police and prosecutors said Monday. Police found the body of Aivar Rehe, 56, in his yard last Wednesday, two days after he had gone missing. Rehe was the head of Danske Bank’s Estonian branch from 2008… Read More
30th September 2019
Estonia’s interior minister on Sunday called for an enquiry into the death of the former head of Danske Bank’s Estonian branch, which is at the center of investigations into the world’s largest money laundering scandal. Last week, police in Estonia discovered the body of Aivar Rehe, who ran the Danish… Read More
27th September 2019
Denmark is proposing steps to protect bankers amid evidence they regularly receive threats for exposing clients involved in suspicious dealings. The Danish government wants to make it possible to keep bank clients in the dark if they’ve triggered a suspicious activity report. The country’s bankers association, Finans Danmark, is throwing… Read More
27th September 2019
The former head of Danske Bank in Estonia, the unit at the center of a $220 billion money-laundering scandal, was found dead after disappearing from his home on Monday. Aivar Rehe, who was chief executive officer of the branch until he left in 2015, had been reported missing from his… Read More
25th September 2019
A series of transfers in the final days of June 2018 by a subsidiary of iSignthis triggered suspicious transaction alarms at fallen Danish bank KAB because they were considered large foreign transfers, according to a joint investigation by The Australian Financial Review and Danish business daily Børsen. Documents obtained… Read More
25th September 2019
Police in Estonia are looking for the man who used to run the Danske Bank unit now at the center of a money-laundering scandal that’s triggered multiple criminal investigations. Aivar Rehe, who was the chief executive officer of the Danish bank’s Estonian branch in 2006-2015, has been missing since… Read More
11th September 2019
Financial regulation has gone far enough and there may be room to simplify some rules, Denmark’s central bank governor said. “I’m not in favor of further detailed regulation,” Lars Rohde said in a speech on Tuesday in Copenhagen. “And perhaps we should consider whether the fence poles are in… Read More
9th September 2019
The European Union is continuing to investigate Danske Bank A/S’s regulators in Denmark and Estonia even after the bloc’s banking watchdog concluded they hadn’t broken EU law during one of the region’s biggest-ever money-laundering scandals. The European Commission, the EU’s executive arm, is still examining the matter to see… Read More
6th September 2019
Ever since the 2008 financial crisis, US financial misconduct fines have led the world.  However, defenders of Europe’s more collegiate approach to tackling banks’ money-laundering shortcomings say US banks also lead the world for de-risking, shunning some of the globe’s poorest countries from access to the dollar system. … Read More
6th September 2019
The two biggest Nordic banks extended a purge at the very top of their ranks in the hope of improving revenue and restoring confidence tattered by money laundering scandals. Nordea Bank Abp named Frank Vang-Jensen chief executive officer on Thursday after activist investors had spent months hammering the lender for… Read More