Featured Denmark

Police in Europe Bust International Investment Fraud Network

By Zdravko Ljubas, OCCRP, 14 September 2021 OCCRP — Several European nations’ law enforcement agencies collaborated last week to disrupt the operations of a criminal gang perpetrating large-scale investment fraud, costing 55 million euro (US$64.96 million) in damages to a “significant number” of victims across Europe. An unknown number… Read More

Danske Bank defeats appeal in U.S. over money laundering scandal

Danske Bank A/S and former top executives on Wednesday defeated an appeal in New York by shareholders claiming they were defrauded because the Danish bank allowed widespread money laundering at its former Estonian branch. The lawsuit began after Danske said in September 2018 that an internal probe had uncovered about… Read More

Deutsche Bank, Standard Chartered and Danske Bank Sued Over Afghanistan Dead

Deutsche Bank AG, Standard Chartered Plc and Danske Bank A/S were sued by the families of Americans killed and wounded during the war in Afghanistan who claim they “knowingly facilitated transfers of millions” of dollars that provided aid to terrorists in the region. The banks and two money… Read More
3rd August 2021
Nearly 15 years after the death of the former Chilean dictator Gen. Augusto Pinochet, victims of his brutal regime are still trying to hold him and his associates accountable. And now the victims appear to be one step closer to justice — even if the courtroom is on the… Read More
26th July 2021
Three years after the world learned of Danske Bank A/S’s central role in one of Europe’s biggest money-laundering scandals, the cost of that stunning failure of governance is still palpable. Denmark’s biggest bank, once among the Nordic region’s most reputable companies, has yet to fully resurrect itself from a dirty… Read More
20th July 2021
Six Danish pension providers have been ordered to revise their risk assessments regarding money laundering, after the country’s financial watchdog followed through on a tightening of the regulations at the end of last year. AP Pension was given several official orders to correct procedures, while others, such as Danica Pension… Read More
27th May 2021
That anonymous shell companies are the vehicle of choice for the corrupt and criminals is no longer a secret. New cases of cross-border corruption and money laundering are reported almost on a weekly basis, where perpetrators often hide behind secretive corporate structures. The European Union has been lauded for its… Read More
25th May 2021
By Jesper Berg, director general of the Danish Financial Supervisory Authority Good luck finding a major bank in Europe that hasn’t breached money laundering regulations. In Denmark, the two largest banks, Danske Bank and Nordea, are both currently subject to criminal investigations. BNP Paribas received the highest-ever fine in 2014,… Read More
11th May 2021
Danske Bank’s notorious Estonian branch housed hundreds of U.S. taxpayers and businesses amongst its portfolio of suspicious non-resident-customers, states an internal legal memo that Berlingske has access to. The »comprehensive memorandum« is dated to the beginning of 2019 and was prepared by Danske Bank’s lawyers in various countries where the… Read More
7th May 2021
The U.K.’s financial regulator handed down its first penalty over the Cum-Ex tax scandal, fining a broker 178,000 pounds ($248,000) for failings regarding its relationship with hedge-fund manager Sanjay Shah. Sapien Capital, which executed more than 6 billion pounds of trades in Danish and Belgian stocks on behalf of… Read More
7th May 2021
The financial watchdog overseeing Danske Bank A/S says the European Union needs to re-examine the limits of client privacy if it’s serious about fighting money laundering and other forms of financial crime. Jesper Berg, the director general of the Financial Supervisory Authority in Copenhagen, says Europe must acknowledge that… Read More
30th April 2021
Danish prosecutors have dropped charges against former Danske Bank chief executive Thomas Borgen and two other senior executives as part of a money laundering investigation, business daily Borsen reported on Thursday citing their lawyers. The Danish state prosecutor filed preliminary charges against nine former managers in 2019 accused of breaching… Read More
29th April 2021
Danske Bank said on Wednesday it may be required by authorities to conduct a further investigation into its former Estonian branch, possibly prolonging a money-laundering saga that has dogged Denmark’s biggest lender for years. Danske is under investigation in several countries, including the United States, over some 200 billion euros… Read More