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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