Fourteen businessmen, suspected of being linked to terrorists in Syria, has defrauded the Danish Treasury for years, raking in some $120 million through value-added tax (VAT) fraud,Danish media reported Tuesday.
Danske bank on Friday appointed a new CEO to replace Thomas Borgen, who was charged along with nine other managers over their involvement in one of the biggest money laundering scandals in history, reported Berlingske.
A war of words erupted this week as Danish and Estonian regulators attempted to shift blame for the Danske Bank money laundering scandal that is currently under investigation in Denmark, Estonia, Britain and the United States.
Authorities in South Africa arrested on Monday a Danish woman suspected of stealing US$17 million from Danish government funds from the National Board of Health, Danish prosecutors said.
Technology can be a powerful tool in the fight against corruption, the United Nations and the government of Denmark said this week at the International Anti-Corruption Conference in Copenhagen.
The internal whistleblower who warned Danske Bank’s management about huge amounts of money being laundered through the bank was a British executive working in the Danish lender’s Estonian branch, Berlingske reported Wednesday.
The head of compliance at Danske Bank, Anders Meinert Jorgensen, resigned Wednesday amidst a money laundering scandal that has been unraveling over the last four months.
Denmark’s biggest bank may have been used to launder US$8.3 billion through its Estonian operations, a new leak of bank data reveals. This more than doubles previously reported estimates and could constitute one of Europe’s largest ever known cases of money laundering.
German and Danish authorities dismantled an organised crime group suspected of having facilitated hundreds of sham marriages with EU citizens to grant permanent residence permits to illegal migrants from Asia, German police said Wednesday.
The Panama Papers revelations have prompted Denmark to consider introducing longer jail sentences for those committing financial crimes, authorities announcedon Wednesday.
Denmark’s tax authority paid roughly US$ 900,000 to an anonymous source for data on its citizens from the Panama Papers leak, local media reported on Thursday.
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