Azerbaijan protests against Danske Bank money laundering
Thousands of Azerbaijani citizens took to the streets over the weekend to protest against the money laundering activities of President Ilham Aliyev, who allegedly funnelled millions of dollars through Danske Bank. Most of…
Azerbaijan uses Danske Bank for money laundering
The authoritarian regime in Azerbaijan has for years funneled millions of dollars through the Danske Bank to lobby governments and opinion makers throughout Europe. Berlingske reports how the regime has used four accounts…
Danske Bank was aware of money laundering but failed to act
An internal e-mail has cast serious doubts on the Danske Bank’s claim that it first became aware its Estonia branch had been used for money laundering in 2014. Berlingske revealed two weeks ago…
Danske Bank in money laundering probe
Denmark’s largest bank, Danske Bank, has been reported to the police by the Danish Financial Supervisory Authority (FSA), the banking sector’s watchdog, for violation of the money laundering act, the FSA said in…
Danske Bank pays multi-million dollar fine to settle fraud case
Danske Bank pleaded guilty to bank fraud in the U.S. on Tuesday and agreed to pay $2 bn. In a New York court case, Denmark’s biggest bank admitted conspiring to commit bank fraud…
New bank in money laundering probe
Jyske Bank, the third largest lender in Denmark, has been reported to the police by the banking sector’s watchdog for a possible breach of anti-money laundering legislation. The Financial Supervisory Authority (FSA) said in a statement it…
Former Danske Bank CEO wins €325m court battle
Danske Bank’s former CEO Thomas Borgen has been cleared of any liability for shareholder investment losses linked to the money-laundering scandal. In a civil lawsuit, Lyngby District Court ruled yesterday that Mr Borgen,…
Danske Bank prepares for multi-million dollar fines
The money laundering scandal continues to cast a dark shadow over Danske Bank. Denmark’s biggest bank, preparing for multi-million dollar fines related to its involvement in the Estonia scandal, said yesterday it would…
Danske Bank hit with €1.82m fine in Ireland
The problems continue to mount up for Denmark’s biggest bank, Danske, which has been fined €1.82 million by the Central Bank of Ireland for failing to ensure that its Dublin-based branch properly monitored transactions…
Investors sue ex-Danske Bank CEO for billions
A group of 74 disgruntled shareholders, including top pension funds, trusts, and investment banks, have filed a class action lawsuit against former Danske Bank CEO Thomas Borgen for his role in the Estonia…
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