Danske Bank faces new money-laundering inquiry amid political furore
A day after the bank's CEO resigned, the countries financial authority has decided to re-open a case it had put on ice
Copenhagen — Danske Bank faces a new Danish investigation into alleged money laundering a day after revealing payments totaling €200bn through its Estonian branch, many of which were suspicious. Thomas Borgen, Danske Bank's CEO resigned on Wednesday after an investigation it had commissioned exposed failings in controls and compliance. The bank's report prompted widespread political criticism and has persuaded Denmark's Financial Services Authority (FSA) to revisit a case it had put on ice earlier this year, but is reported to have attracted the attention of US authorities. "We're re-opening the investigation of the bank that we initially closed in May," FSA head Jesper Berg told Danish broadcaster TV2 on Thursday. While authorities in the US have yet to say whether they are investigating the payments, many of which came from Russia and other former Soviet states, Danske Bank's case will be high on the agenda of EU states. European justice commissioner Vera Jourova said on Thursday ...
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