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
26th September 2019
German authorities have raided Deutsche Bank’s (DBKGn.DE) Frankfurt headquarters in search of information related to Danske Bank (DANSKE.CO) and a money laundering scandal, Frankfurt prosecutors said on Wednesday. They are investigating whether Germany’s biggest bank facilitated money laundering and whether it failed to alert authorities about… 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
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
3rd September 2019
Huge fines, criminal investigations and public opprobrium are the consequences of big anti-money laundering failures at banks, but what about the regulators? The reluctance of fellow EU supervisors to criticize one of their own in Denmark has heightened doubts about Europe’s AML framework. Those of us used to hearing bankers’… Read More
12th August 2019
Estonian prosecutors said on Friday that last month they had ordered a local court to seize around 2 million euros ($2.24 million) from a bank account belonging to a former Danske Bank employee as part of an investigation into alleged money laundering. The money was sitting in a Latvian bank… Read More