Schwartzkopff – Financial Treason & Crime

Frances Schwartzkopff and Christian Wienberg, 25 June 2021

Danske Bank A/S has been charged by Danish police for allegedly violating rules intended to protect investors from market manipulation.

Denmark’s biggest bank, which is separately being investigated in the U.S. and Europe amid an ongoing money-laundering case, says it received notice of preliminary charges from the Danish State Prosecutor for Serious Economic and International Crime, or SOIK. The case relates to two potential violations of market abuse regulations, according to an emailed statement on Friday. Continue reading “Article: Danske Bank Charged by Police for Violating Market Abuse Law”

05/07/202105/08/2021

Article: Danske Bank Watchdog Calls for EU Debate on Client Secrecy Rules

Article - Media, Publications

Danske Bank Watchdog Calls for EU Debate on Client Secrecy Rules

Frances Schwartzkopff, 07 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 the current bias toward bank secrecy means “substantially more resources” are being spent on trying to catch illicit transactions. It also adds to the risk that there’ll be “some money laundering we won’t get at.” Continue reading “Article: Danske Bank Watchdog Calls for EU Debate on Client Secrecy Rules”

04/19/2021

Article: Danske Bank CEO Quits Amid Dutch Probe of Laundering Allegations

Article - Media, Publications

Danske Bank CEO Quits Amid Dutch Probe of Laundering Allegations

Frances Schwartzkopff and Joost Akkermans, 19 April 2021

Danske Bank A/S is replacing Chris Vogelzang as chief executive officer after a Dutch money-laundering investigation implicated the former ABN Amro Bank NV executive, complicating the Danish lender’s efforts to get past its own scandal.

Vogelzang, who had run Denmark’s biggest bank for less than two years, will be replaced by Danske’s head of risk management, Carsten Egeriis. The move comes after authorities in the Netherlands named Vogelzang “a suspect in connection with their investigations of potential violations of Dutch legislation relating to the prevention of money laundering at ABN Amro,” Danske said. Continue reading “Article: Danske Bank CEO Quits Amid Dutch Probe of Laundering Allegations”