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Berlingske Business provided information on suspicious cash flow for the amount of 28 billion kronor, bringing to 53 billion the total amount of money laundered in Danske Bank.
The new disclosure concerns the Magnitsky case, Previously, Berlingske Business had documented how suspicious money from Moldova, Russia and Azerbaijan, among others, was routed by the company. 39, the intermediary of the Danske Bank branch in Estonia to Europe. The new leak shows that we have not yet fully understood the issue.
It was in March of last year that Berlingske Business wrote that $ 140 billion in black money had been expelled from Russia for laundering in European banks. According to Berlingske, $ 7 billion of this money was spent in the Estonian branch of the Danske Bank, according to Berlingske
Danske Bank later admitted that their control was not enough.
Azerbaijan and Putin
The management was also informed that the family of President Vladimir Putin and the Russian intelligence services have laundered large quantities through the bank.
And in June of this year Berlingske could say that The Estonian department was also the bank of a company involved in a large arms trade between North Korea and Iran.
In 2013, warnings were sent to the bank's management about problems and possible illegalities. An internal letter also warned in 2014 that the branch in Estonia had acted in violation of the money laundering rules and that the employees had helped hide the authorities' customers.
The case resulted in the closure of the Estonian branch but it was only in 2017 that Danske Bank launched an internal investigation that is not yet complete.
– Strange not punished
– Money laundering for more than $ 50 billion is astronomical and only makes it even more sensational According to expert Jakob Money Laundering Dedenroth Bernhoft in Berlingske
the findings of the massive money laundering have not yet produced consequences, with the exception of criticisms of the Danish Financial Supervisory Authority in Denmark and in Estonia and some politicians. Earlier this year, the Danish Financial Supervisory Authority asked the bank to set aside 5 billion Norwegian kroner in a buffer.
Danske Bank will not comment on the new information. Anders Meinert Jørgensen, head of the group 's compliance, says that it' s too early to decide on the extent of money laundering, but that he 's already said that' s. it could be bigger than originally planned. (Terms)
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