Start Finance Danske Bank shaken by a money-laundering scandal…

Danske Bank shaken by a money-laundering scandal…


Danske Bank, shaken by a money-laundering scandal, has ignored warnings about the incidents and offered hush money, according to a former employee. Former banking employee Howard W., who helped uncover the affair, said Monday in front of the Danish parliament.

Nobody in higher management was interested in his suspicions, W. said. In April 2014, he realized that the bank had no intention of doing anything about it. In two days, the Briton, who led the trading business of Danske Bank in the Baltic States from 2007 to 2014, is to testify before the special committee of the European Parliament on financial crime.

The purpose of the hearing is to find out exactly where the bank and supervisors in Denmark and Estonia have failed. In the money laundering scandal investigators in Denmark, Estonia and the United States detect. An internal investigation by the Institute showed that most of the 200 billion euros of money spent on the Estonian branch between 2007 and 2015 were suspect. The bank has granted poor money laundering controls in Estonia.