Another former Danske Bank executive faces money-laundering charges
Copenhagen — Danish prosecutors have filed preliminary charges against former Danske Bank executive Lars Morch as part of their investigation into the bank’s involvement in one of the world’s biggest money-laundering scandals. The move, confirmed by Morch, takes the total number of former Danske managers facing preliminary charges in the case to nine, said people with knowledge of the investigation. Morch, responsible for business banking — including the Baltic operations of Denmark’s biggest bank from 2012 until he resigned in April 2018 — did not detail the preliminary charges, and his lawyer declined to give further comment. Two sources familiar with the matter said others facing preliminary charges were accused of breaching Danish money-laundering laws. The case relates to €200bn of suspicious transactions that passed through Danske Bank’s Estonian branch from 2007-2015. Former Danske CEO Thomas Borgen, who stepped down last October when the scale of the scandal became clear...
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