• The CEO of Denmark's biggest bank is out after a $235 billion money laundering scandal

    8 monthes ago - By Chron

    CEO of Denmark's largest bank steps down over Estonian money laundering scandal.
    Thomas Borgen resigned after an investigation into the scandal which could have impacted €200 billion of transactions.
    Danske Bank has so far identified 6,200 customers who may have been involved in suspicious activity, undertaken via its Estonian branch.
    Thomas Borgen has resigned as the CEO of Denmark's largest bank, Danske Bank, after a major money laundering scandal centred around its Estonian operation.
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  • Danske Bank, Apple Bill, Chinese Retaliation: CEO Daily for September 19, 2018

    8 monthes ago - By Fortune

    Good morning. David Meyer here in Berlin, filling in for Alan.
    The CEO of Denmark's largest bank has fallen on his sword over one of Europe's worst-ever money laundering scandals.
    Danske Bank's slack controls allowed its Estonian operations to be used for money laundering from 2007 through 2015. That's the conclusion of investigations that the bank commissioned from an external law firm.
    In conjunction with the release of those findings, CEO Thomas Borgen announced his resignation. “It is clear that Danske Bank has failed to live up to its responsibility in the case of possible money...
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  • Why a Money-Laundering Case Hits Denmark Close to Home

    8 monthes ago - By Washington Post

    Denmark's status as one of the world's least corrupt nations is being challenged by allegations that its biggest bank, Danske Bank A/S, was a central pipeline for channeling billions in illegal funds across Europe from Russia, Moldova and Azerbaijan. An internal report published Wednesday said the bank had failed to live up to its responsibilities. Its chief executive officer has resigned. The biggest money-laundering scandal in modern Danish history won't end there. Danske faces criminal invest
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