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.
Count this content towards your CPD minutes, by signing up to our CPD WalletFREE CPD Wallet