Region: Denmark

Danske warned over sanctions screening

Danish regulators have warned Danske Bank that failings in its AML procedures put it at risk of breaching sanctions, three years after the discovery of a record-breaking €200 billion money laundering operation flowing through the bank’s now-defunct Estonian branch.

24 November 2021

Regulators in Danske scandal voted to decide their own fate, record shows

Denmark and Estonia, the two countries at the heart of the €200 billion money laundering scandal at Danske Bank, participated in a vote that determined whether the European Banking Authority carried out an investigation into internal failings at the bank.

01 November 2021

Danske Estonia class action dismissed in New York appeals court

A New York appeals court has dismissed a proposed investors’ class action against Danske Bank over alleged misstatements related to a US$230 billion money laundering scandal at its Estonian branch.

26 August 2021

A crack of light into the FCA’s cum-ex approach

Corker Binning partners David Corker and Claire Cross discuss a busy year in relation to the fallout from the cum-ex trading scandal, as a new case sheds light onto the Financial Conduct Authority's "leisurely" approach to commencing regulatory hostilities.

15 March 2021

FCA investigating cum-ex trades

The UK Financial Conduct Authority is investigating 14 financial institutions in connection with an alleged tax fraud that is estimated to have cost European countries over €50 billion.

01 May 2020

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