155

News

France charges Danske Bank in money laundering case

Christian Wenande
October 12th, 2017


This article is more than 7 years old.

Danish bank’s Estonian office again at the centre of controversy

Qu’est-ce que c’est Danske Bank? (photo: Finn Årup Nielsen)

It’s been rough times for Danske Bank in recent months. The money laundering scandal at its Estonian office is a problem that simply won’t go away.

From the Azeri regime to a Russian arms dealer, it has become glaringly clear that a number of shady players have taken advantage of the lax protocols that have existed at Danske Bank’s Estonian office. As if that wasn’t enough, now the French are getting involved.

A French court, Tribunal de Grande Instance de Paris, has charged the bank in connection with money laundering via the bank’s Estonian operations from 2008-2011.

“The investigation concerns historical conditions at Danske Bank Estonia. The investigation encompasses transactions of about 15 million euros, which were transferred to France by former customers of Danske Bank Estonia between 2008 and 2011,” said Flemming Pristed, the general counsel at Dansk Bank.

“The customers were part of the portfolio of foreign clients of Danske Bank Estonia [‘non-resident’ clients] – a portfolio we have since shut down. Currently, we are unable to say whether the figure stemmed from illegal activities.”

READ MORE: Russian arms dealer syphoned millions through Danske Bank

Cleaned up
Danske Bank wrote in a press release that the transactions were part of the bank’s investigation into the conditions that existed at its Estonian office from 2007-2015 and that the bank was co-operating fully with the authorities.

The bank maintains that since 2014 the conditions at its Estonian office have been cleaned up.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”