Article: U.S. files lawsuit against Danske Bank, attorney says

Article - Media, Publications

U.S. files lawsuit against Danske Bank, attorney says

Reuters, 20 April 2021

The United States of America and the Federal Retirement Thrift Investment Board (FRTIB) have filed a lawsuit against Danske Bank (DANSKE.CO) and its former CEO in the Copenhagen city court, according to the attorney representing the parties.

Shares in Danske Bank (DANSKE.CO) fell around 8% after the news, which was first reported by the business daily Borsen.

The suit is linked to Danske’s involvement in a major money laundering scandal, according to Borsen. Continue reading “Article: U.S. files lawsuit against Danske Bank, attorney says”

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”

Article: What’s Known About Massive Russia Money Laundering Scheme, ‘Troika Laundromat’

Article - Media, Publications

What’s Known About Massive Russia Money Laundering Scheme, ‘Troika Laundromat’

Christian Baumgaertel, 07 March 2019

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 a now-defunct Lithuanian bank.

That much we know from disclosures by the Organized Crime and Corruption Reporting Project [OCCRP] and its partner news organizations. Almost daily revelations over the last week have widened the group of banks involved and added to a picture of massive laundering — perhaps facilitated by the absence of a central enforcement agency in Europe. Continue reading “Article: What’s Known About Massive Russia Money Laundering Scheme, ‘Troika Laundromat’”