Danske Bank auditor EY reported to fraud squad over 2014 report
15 Apr 2019

Accountant EY’s audit of scandal-hit Danske Bank came under scrutiny on Friday as Danish authorities asked the state prosecutor for financial fraud to investigate the matter.

Danske Bank is under investigation in the United States, Denmark, Estonia, France and Britain over payments from Russia, ex-Soviet states and elsewhere. It has admitted that 200 billion euros ($226 billion) of suspicious transactions flowed through its Estonian branch between 2007 and 2015.

“In connection with the audit of Danske Bank’s financial statements for 2014, EY became aware of information that should have prompted it to carry out further investigations and notified the Money Laundering Secretariat,” the Danish Business Authority (DBA) said on Friday.

It did not give any further detail.

By Teis Jensen, Reuters, 12 April 2012

Read more at Reuters

Read more:

Money Laundering at Danske Bank: Lessons for financial crime professionals (Part 1)

EY fined £1,8m for audit misconduct of Tech Data

Swedbank replaces EY with forensic auditors to investigate money laundering report

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