Danske money laundering scandal is ‘tip of iceberg’, whistleblower’s lawyer says
15 Nov 2018

Danske Bank’s (DANSKE.CO) 200 billion euro ($225 billion) money laundering scandal might be the “tip of the iceberg” and investigators should examine whether major Western banks played a role, a lawyer for the whistleblower said.

Stephen Kohn, a partner at U.S. law firm Kohn, Kohn and Colapinto who is representing Danske whistleblower Howard Wilkinson, told Reuters that Danske may be only a bit player in a scheme to move wealth from countries like Russia to the West.

“It looks like the tip of the iceberg,” he told Reuters on the sidelines of a two-day London OffshoreAlert conference on financial intelligence and investigations. “The problem is far bigger than has been reported…

– By Kirstin Ridley, Simon Jessop, Reuters, 13 November 2018.

Link to Reuters.

Advance your CPD minutes for reading this article, by signing up and using the CPD Wallet

FREE CPD Wallet
No Responses to “Danske money laundering scandal is ‘tip of iceberg’, whistleblower’s lawyer says”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.