$150 billion

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Danske Bank’s Alleged Money Laundering Now Totals $234 Billion, CEO Quits

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The investigation into Danske Bank’s alleged money laundering has uncovered new funds. The amount of “questionable money” flowing through the bank’s Estonian branch has grown from $150 billion to approximately $234 billion. In response, the CEO of Danske Bank turned in his resignation. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals From … Read more

Denmark’s Largest Bank Took Two Years to Close Accounts of Blacklisted Russian Clients

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Denmark’s largest bank, Danske Bank, reportedly knew that some of its Estonian branch’s clients were on the Russian government’s blacklist but did not close their accounts for two years. The bank is currently being probed by three countries over $150 billion money laundering allegations. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more

$150B Money Laundering Probe of Danske Bank Implicates Citigroup and Deutsche Bank

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U.S. law enforcement agencies have started their money laundering investigations of Danske Bank, Denmark’s largest bank, according to the Wall Street Journal. Citigroup and Deutsche Bank have been implicated. Danske Bank is also currently under investigation by Denmark and Estonia and its CEO reportedly ignored warnings of suspicious transactions. Also read: 160 Crypto Exchanges Seek to … Read more