Article: Newly Obtained Audit Report Details How Shady Clients from Around the World Moved Billions Through Estonia

Article - Media, Publications

Newly Obtained Audit Report Details How Shady Clients from Around the World Moved Billions Through Estonia

Holger Roonemaa and Oliver Kund, KYC360News, 12 March 2021

On a warm Monday morning in June 2014, two auditors from Estonia’s financial regulator stepped into the Tallinn office of Danske Bank, armed with a single piece of graph paper handwritten with the names of 18 of its clients, and demanded to see their records.

At first glance, the customers on the list sounded boring. They were mostly obscure trading companies with generic names like Hilux Services and Polux Management. But the auditors — who had been tipped off by a police unit that tracks financial crime — didn’t have to dig too deep before things got very strange.

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Article: Factbox: European banks hit by Russian money laundering scandal

Article - Media, Publications

Factbox: European banks hit by Russian money laundering scandal

Reuters Staff, 08 March 2019

Several European banks are facing allegations of being involved in a Baltic money laundering scandal and failing to prevent tainted Russian money from flowing through their branches across the world. Continue reading “Article: Factbox: European banks hit by Russian money laundering scandal”