November 19, 2018
Danske Bank has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first alerted Denmark’s biggest bank to the problem, testified before the Danish parliament on Monday.
HOW BIG A SCANDAL IS THIS?
Some 200 billion euros ($227 billion) in payments flowed through the non-resident portfolio of Danske Bank’s tiny Estonian branch between 2007 and 2015. The bank eventually commissioned a report which concluded in September that many of these payments were suspicious.