06 Feb 2019
In the wake of Danske Bank’s money laundering scandal, an EU committee will visit Estonia and Denmark this week to meet regulators, prosecutors and the bank’s new management to discuss ways to crack down harder on fraud.
Between 2007 and 2015, 200 billion euros ($228 billion) of suspicious payments from Russia and other states flowed through the Estonian branch of Danske Bank, which is being investigated in Denmark, Estonia, Britain and the United States.
Europe has been hit by a string of money laundering scandals recently, including the collapse of Latvia’s ABLV Bank, the closure of Malta’s Pilatus Bank and a 775 million euro fine imposed on Dutch lender ING.
– By Teis Jensen, Reuters, 5 February 2019.
Link to Reuters.
You can claim CPD minutes for reading this article, by signing up to our CPD WalletFREE CPD Wallet