Denmark’s Largest Bank To Issue Report on Russia, Ex-Soviet Money Laundering

Denmark’s Largest Bank To Issue Report on Russia, Ex-Soviet Money Laundering

COPENHAGEN-Denmark's largest bank found more than $200 billion in transactions at its Estonian branch and suspects a "large portion" of it was related to money laundering, often from Russian Federation.

Danske's CEO Thomas Borgen said "it is clear that Danske Bank has failed to live up to its responsibility in the case of possible money laundering in Estonia", adding the investigation didn't find breaches of his legal obligations.

Regulators and the financial community will scrutinize the Danske Bank report, which follows calls by Brussels for a new European Union watchdog to crack down on financial crime after a series of scandals involving anti-money laundering controls.

The announcements came days after the Wall Street Journal reported that Danish investigators were probing transactions of up to $150 billion "from companies with ties to Russian Federation and the former Soviet Union" that transited Danske Bank's Estonian branch between 2007 and 2015.

Champion female golfer, 22, murdered - body dumped on golf course
Barquin Arozamena was one of the most accomplished players in the Iowa State's golf history, the university said. She was the 2018 golf champion in the Big 12 league and Female Athlete of the Year at the Iowa State University.

He stepped down after the bank found "indications" that its Estonian branch was used for money-laundering purposes.

The Danish bank said it was unable to determine how much money was believed to have been laundered through its Estonian branch between 2007 and 2015.

Recent media reports have said up to $150 billion worth of banking transactions may have flowed Danske's Estonia branch.

Earlier this year, US authorities accused the Latvian bank ABLV of covering up money laundering, leading to the bank's collapse, after it was denied USA dollar funding.

Related News:

  • Sony Reveals The PlayStation Classic, Coming December

    Sony Reveals The PlayStation Classic, Coming December

    This $99.99 system, shrunken roughly 45 percent from the original PS1's size, will reach worldwide store shelves on December 3. For obvious size-related reasons, you wont be able to use accessories designed for the original PlayStation with it.
    Veteran WR Brice Butler returns to Cowboys

    Veteran WR Brice Butler returns to Cowboys

    Butler played 36 games in Dallas over the past three seasons, catching 43 passes for 794 yards and 6 touchdowns. Washington was the 80th overall selection in 2016, a draft which saw 12 Ohio State players get selected.
    Flight attendant fired after her boyfriend proposes mid-flight

    Flight attendant fired after her boyfriend proposes mid-flight

    She said yes, adding "I really didn't know my boyfriend will be proposing to me on this flight, thanks for being my witnesses". Representatives for China Eastern Airlines did not immediately return Fox News' request for additional comment on the story.
  • YouTube Gaming Finds New Home on Main Site

    YouTube Gaming Finds New Home on Main Site

    The reason for this move is to ensure it reaches more gamers through YouTube rather than a specialised, standalone site and app. It also ended up being a testing ground of sorts for things like a dark theme, Super Chat, and Channel Memberships.
    Ernesto Valverde heaps praise on 'extraordinary' Lionel Messi

    Ernesto Valverde heaps praise on 'extraordinary' Lionel Messi

    We have the youngest players and we are still on the right road. "What a left foot he has", Rakitic told reporters. The Frenchman has followed his goal up after bagging a left-footed victor against Real Sociedad over the weekend.
    New oil fund commitments obtained from China, says Venezuela's Maduro

    New oil fund commitments obtained from China, says Venezuela's Maduro

    Venezuelan leader makes rare visit to Mao Zedong's mausoleum as he seeks Beijing's help in tackling economic crisis . PDVSA and Venezuela's Information Ministry did not respond to a request for information about the deal.
  • Boy arrested in Australia after admitting to putting needles in strawberries

    Boy arrested in Australia after admitting to putting needles in strawberries

    Seven brands of strawberries in Australia are now believed to be contaminated with needles and pins, according to police reports. Queensland is a major strawberry producer in a national industry worth more than A$130 million ($93.22 million) a year.
    Kante plays Federation Internationale de Football Association , has dinner with new friends after missing train

    Kante plays Federation Internationale de Football Association , has dinner with new friends after missing train

    It goes without saying that Chelsea star, N'Golo Kante , is one of the most stand-out football midfielders right now. There was some contact with PSG, yes. 'The club is counting on me and I feel good here.
    By ITV: Bodyguard, the BBC show sold to Netflix

    By ITV: Bodyguard, the BBC show sold to Netflix

    Maria Kyriacou, President, International, ITV Studios said: " Bodyguard has gripped the [UK] with its twists and turns". Executive producing the series are Jed Mercurio, Simon Heath for World Productions and Elizabeth Kilgarriff for BBC.
  • Samsung launches Fortnite contest for Note 9 gamers with $5250 grand prize

    Samsung Galaxy Note 9 comes with the latest specifications, 8GB of RAM , and the ability to add micro-SD cards up to 512GB. Winners will be selected in October, which is when the grand prize victor will stream with Ninja, as well.
    Why Pete Davidson and Ariana Grande Skipped the 2018 Emmys

    Why Pete Davidson and Ariana Grande Skipped the 2018 Emmys

    Miller passed away earlier this month, and Grande faced harassment from his fans, who blamed her for his apparent drug overdose. A picture from the seating arrangements were shared on twitter which had their names along with their pictures on the spots.
    Rain forecast pushes Yankees-Red Sox to night game

    Rain forecast pushes Yankees-Red Sox to night game

    The game had been scheduled for 1:05 p.m., but there is as much as an 85 percent chance of thunderstorms during the day. Happ will toe the mound for the Yankees, facing off against former Pinstriper Nathan Eovaldi.


Most liked

Islamabad court orders release of Maryam and Nawaz Sharif
Hearings in two other corruption cases against Sharif and his family are continuing at an anti-corruption court. Sharif, Maryam and Safdar were also directed to submit bail bonds worth Rs 0.5 million each.

Late Firmino strike gives Liverpool 3-2 win over PSG
"However, we also recognise that Liverpool are a strong team and they showed that with their late victor ". He rarely defends, and even when he does get back he is usually unable to help anyway.

Arsenal questions anger Mikel Arteta ahead of Manchester City Champions League clash
Guardiola will serve a touchline ban when Lyon visit the Etihad Stadium after he was sent off during the second leg of last season's Champions League quarter-final loss to Liverpool . "Up to now, the preparation has been completely normal".

Over 9000 kids injured annually from infant walkers, study finds
As a safer alternative, Rose recommends stationary activity centers, which provide babies entertainment without mobility. Most of those were head and neck injuries, and three-quarters of the children were injured by falling down the stairs.

New Kingdom Hearts 3 Trailer, Cover Art Revealed
All will be revealed in 2019, when Kingdom Hearts III drops for PlayStation 4 and Xbox One on the January 25th. Alongside the new trailer , Square Enix also released a handful of screenshots featuring the new characters.

New The Witcher single-player spin-off is… a Gwent card game
The card game was already a part of The Witcher 3 but proved so popular that CD Projekt expanded it into its own separate game. Gwent will support cross-play between PS4 and PC as well as Xbox One and PC, but not between PS4 and Xbox One.

Linux creator apologises for his behaviour and is taking time off
In his absence, Torvalds has asked kernel developer Greg Kroah-Hartman to take the lead on finishing up the Linux 4 .19 release. Torvalds has not been one to mince words when he disagrees with other developers, and it can be especially tough on newcomers.

IPhone Xs and Xs Max review roundup
The NY Times says the iPhone Xs Max's big screen is great, but maintains that "the smaller Xs is a better fit for most people". Finally, according to Kuo, the Apple Watch Series 4 has been in higher demand than previously expected.

Victoria Beckham Fashion Week success ends with Spice Girls performance
Earlier this month, Victoria joked about her Spice Girls career in a video with Vogue magazine. She was overcome with emotions after her debut at Mayfair's Galerie Thadaeus Ropac.

Norrie Seals Davis Cup Win For GB
There was, at last, some variety in Norrie's shot making while his deep forehand kept Fayziev firmly on the defensive. Some people said this was a meaningless tie but look at the Uzbekistan team, look at the crowd.

Flash Flood Warning as Remnants of Florence Move Through N.H
Power outages in the Southeast also were down, from a high of more than 910,000 to about 245,000, almost all in North Carolina. More than 300,000 across the state remained without power as of Tuesday morning, according to Duke Progress Energy.

Betty White's Speech At Emmys 2018 Gets Standing Ovation
"And then I heard her talking to her daughter a little later and she said, 'first lady, she's that old". She quickly corrected herself, lest we miss the point: "Or for me".

Household cleaning products may make kids overweight
By about three years of age we every occupy a microbiome that we can "call our beget", and which stays with us thru life. A new study seems to indicate that may all this use of disinfectants may not be helpful to a child's long term health.

Sheriff: Border Patrol agent suspected of killing 4 women
Cueller did say that authorities have "very strong evidence" to link Ortiz to the crimes, and called him a " serial killer ". Those two individuals were only identified in the affidavit as "Jane Doe" and "John Doe", but both had been shot to death.

School superintendent on Texans star: 'You can't count on a black QB'
However, another reader, Matt Ericksen, took a screenshot of the exchange and sent the picture to the Chronicle. He said he hopes none of the 1,020 children who go to school in the district saw the post.