4th February 2020
In the criminal case on laundering EUR 50 million in the to-be-liquidated ABLV Bank, a procedure has been launched also against the bank’s shareholder and former board chairman Ernests Bernis, according to Latvian public television’s morning news program De Facto. Bernis told law enforcement institutions that he knows nothing about… Read More
31st January 2020
Denmark’s business watchdog said it has brought two auditors before a disciplinary board after concluding they violated regulations while reviewing Danske Bank A/S, the lender caught up in Europe’s biggest money laundering scandal. The Danish Business Authority said the auditors’ work on the bank’s 2014 financial statements “was… Read More
17th January 2020
Estonian authorities have expanded their investigation into alleged money laundering through Danske Bank’s (DANSKE.CO) local branch to cover transfers of up to $2 billion, the Estonian prosecutor said on Thursday. Widening of the investigation in Estonia adds to pressure on Danske Bank, as the lender and its investors await… Read More
16th January 2020
Officials in the United Kingdom and bankers throughout Scandinavia turned a blind eye to the influx of illicit Russian funds linked to Europe’s biggest money laundering scandals, according to a British financier and anti-corruption activist. In a recent interview for KYC360’s AML Talk Show, Bill Browder spoke to host… Read More
13th January 2020
At Danske Bank A/S, the cost of adapting to a world intensely focused on financial crime just keeps growing. In an interview in Stockholm, the chief executive of Danske in Sweden, Johanna Norberg, said “the peak” level of investment to meet anti-money laundering requirements has “not yet been reached.”… Read More
13th January 2020
Incoming Prosecutor General Andres Parmas says he is making improvements on investigating economic crimes as he starts his tenure, but otherwise no significant changes will be made to the role he has taken over from Lavly Perling. “Certainly things can always be done better and to a better standard,” Parmas,… Read More
10th January 2020
Minister of Finance Martin Helme (EKRE) invited bank directors to the Ministry of Finance for a meeting. According to the minister, businesses are complaining that in tightening anti-money laundering rules, banks have started to impede on business. Banks’ fight against money laundering is absolutely essential, but recently it has begun… Read More
31st December 2019
The head of the Financial Intelligence Unit, Madis Reimand, said that the fact that sanctions are being imposed against Rossiya Segodnya in Estonia cannot come as any surprise, the “Aktuaalne kaamera” newscast of public broadcaster ERR reported. “Our objective is to fully comply with Estonian law and the sanctions imposed… Read More
24th December 2019
Sweden’s Swedbank repeated on Friday that there was a risk it had been used to launder money, in a response to requests for comment by the Estonian and Swedish financial watchdogs on their separate probes into the bank. Sweden’s oldest retail bank dismissed its CEO earlier this year and accepted… Read More
23rd December 2019
A new front is opening up in Europe’s battle with money laundering. After dirty-cash scandals involving hundreds of billions of euros rocked some of the continent’s biggest banks, the Baltic region — where one of the the biggest cases yet erupted — has begun a fresh clampdown. This time, the… Read More