Denmark’s largest bank has lost its chief executive and seen its share price halve
Tag: MoneyLaundering
The first charges for money-laundering are laid against Danske Bank
AS EUPHEMISMS FOR suspected money-laundering go, “insufficiently legitimised” takes some beating. That is how Denmark’s Financial Supervisory Authority (FSA) described some of Danske Bank’s customers in a report in 2012. The country’s largest bank now faces criminal charges at home and investigations elsewhere. The dirty-money scandal swirling around Danske is the largest ever uncovered. Over […]
Crypto money-laundering
AS LONG as dirty money has been around, so has money-laundering. Between $ 800bn and $ 2trn, or 2-5% of global GDP, is washed annually, estimates the United Nations Office on Drugs and Crime. Criminals have swapped money for precious metals, mis-stated invoices, rinsed cash through casinos or simply strapped it to their bodies and […]
Australia’s CommBank is accused of abetting money-laundering
WHEN the Commonwealth Bank of Australia on August 9th reported its profit for the year to June—above forecasts and just shy of A$ 10bn ($ 7.9bn)—it faced questions about cashflows of another sort. Six days earlier the Australian Transaction Reports and Analysis Centre (AUSTRAC), a regulator charged with gathering financial intelligence to combat money-laundering and […]
The US government wants a court to hand over millions of Palantir shares allegedly used in a money-laundering scheme
Getty / Drew Angerer The US government has filed a lawsuit asking to take ownership of 2.5 million shares of preferred Palantir stock that were allegedly caught up in Malaysia’s massive 1MDB scandal. On Thursday, the US Department of Justice filed a lawsuit to nab a huge assortment of assets, including some of Palantir’s stock. The government says […]
‘The offer was too good to refuse’: A major Russian money-laundering case was unexpectedly settled in New York
Thomson Reuters A major money-laundering case set to go to trial last week in New York was suddenly settled three days earlier, with both the US government and the defendant, the Russian firm Prevezon Holdings, claiming victory. The asset-forfeiture and money-laundering case was scheduled to begin last Monday, but it was unexpectedly settled for close to $ 6 million, […]
HDTGM: The Sketchiest Movie Ever (Kinda) Made: A Tale of Mobsters, Money-Laundering & Movie-Making
Have you ever wondered what the Mafioso version of The Producers would look like? Neither had I, until screenwriter Dan Gordon (Passenger 57, The Hurricane) said this: Phil said, “I’m giving you the opportunity of a lifetime and you’re giving me bullshit…you wanna be a director? Come get the ticket and come to New York. […]
