The so-called Troika Laundromat was a financial network set up by a Russian investment bank to help clients move money out of the country and hide it. The scheme exported about $4.8 billion over seven years, with the help of …
Allegations of money laundering against Sweden’s oldest bank grew this week to draw in some of the former Soviet Union’s most notorious individuals. Viktor Yanukovych, the president of Ukraine until 2014, used an account at the Baltic unit of Swedbank …
Scandinavians are taking a hard look at their institutions as allegations of systematic money laundering rock the entire region. With Swedbank AB becoming the latest lender to get dragged into a dirty money scandal that’s already engulfed Danske Bank A/S, …
Estonia is investigating allegations linking Swedbank to suspicious transactions in the country involving Danske Bank, Estonia’s state prosecutor said on Wednesday. Danske is being investigated in its home market of Denmark, Estonia, Britain, France and the United States over some …
Danske Bank A/S says it’s been placed under formal investigation in France over suspected money laundering at its Estonian branch. The Copenhagen-based bank said the investigation covers transactions from 2007 to 2014 amounting to around 21.6 million euros ($24.5 million). …
Denmark’s status as one of the world’s least corrupt places has been undermined by the money laundering scandal engulfing its biggest bank, according to the country’s financial regulator. In a report examining risks facing Danish banks, the Financial Supervisory Authority …
Litigation funder IMF Bentham has teamed up with legal experts Quinn Emanuel and Njord Law Firm and plans to file a shareholder lawsuit against Danske Bank by July over a 200 billion euro ($230 billion) money laundering scandal. IMF’s European …
Danske Bank A/S’s money-laundering scandal threatens to undermine its growth engine. The lender’s Nordic banking operation, which encompasses Norway, Sweden and Finland, was the only core unit of five to report higher profit in the third quarter. But now, some …
After being accused of “openly lying” to authorities in France, Danske Bank A/S says it now faces the prospect of fresh charges being brought against it in connection with a $230 billion money laundering case. Denmark’s biggest bank said on …
A Galveston, Texas, attorney is facing felony charges of insurance fraud, barratry, and money laundering related to several fraudulent hail claim lawsuits, the Texas Department of Insurance announced. Christopher Bertini surrendered to authorities this week and was released on $5,000 …
