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Danske Bank Whistleblower Says U.S., European Banks Helped Launder Money

November 19, 2018

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The whistleblower who revealed suspected money laundering involving Danske Bank said on Monday that two major U.S. and one European banks were among several which had helped process suspicious payments.

Payments totaling 200 billion euros ($228.5 billion) made through Danske Bank’s tiny Estonian branch between 2007 and 2015 have sparked inquiries in Denmark, Estonia, Britain and the United States in a growing global scandal.

Howard Wilkinson, the head of Danske Bank’s trading unit in the Baltics from 2007 to 2014, told a Danish parliamentary hearing that several other lenders were involved in the payments through its Estonian branch, adding that many involved two large U.S. banks and the U.S. subsidiary of a big European bank.

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