Discover and read the best of Twitter Threads about #Danske

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Deutsche Bank signed a consent order with the NY Department of Financial Services, agreeing to pay a 150m$ fine, and, as you'd expect, it's a fascinating read. It deals with #Epstein, #Cypriot bank #FBME and #Danske Bank's AML issues in Estonia. A few snippets.
First, Epstein. It's a disgusting read, tbh, where 1 can imagine what's going on behind the scenes (all after Epstein came out of jail.) "Tuition fees" paid to young (adult) women, 800k$ of cash withdrawn, lawyers asking how to withdraw cash wo creating alerts, etc.
trusts being created to continue paying Epstein's co-conspirators from his previous convictions (yes, it does read like a Breaking Bad episode) - wtf was is still paying them, that's what I'd like to know.
Read 16 tweets
🚨Today we added 18 new members to our ICIJ family! 😀

Our network now spans 100 countries, with reporters from The Gambia, Luxembourg, Czech Republic, and more added today.

Here is a quick intro to these investigative reporters! (Thread)
🇲🇦 First up: Ali Amar, @MarocAmar, from @LeDesk in Morocco joins our family. He’s worked with us on #ImplantFiles, #PanamaPapers and #ParadisePapers.

Here's his work on the #PanamaPapers:…

Welcome to the team!!
@MarocAmar @LeDesk 🇨🇱 @aarellanoj joins us from #Chile – where he’s been working for @ciper as a reporter/editor, now contributor, for six years.

He also worked on #PanamaPapers and #ParadisePapers with us!
Read 20 tweets
There's usually so much shit going on with EU banks that I try not to blame banks based only on unconfirmed press reports / rumors, but the latest developments on #Swedbank are so OMFG that I just can't help it! (Quick thread)
Ofc you remember how #Danske was hammered because of ALM in the Baltics, the CEO resigned etc. Ever since the Danske story broke in full speed there were fears of similar situation at nordic banks.
A week ago, a similar AML story broke on Swedbank and the stock crashed. I joked about the poor performance of the management on the investor call ("we checked and had no common clients with Danske". "That is, we checked 7 clients" 🤣)
Read 11 tweets
🔥In what @billbrowder calls the "largest #MoneyLaundering scandal in European history," Danske Bank CEO Thomas Borgen RESIGNS after a probe uncovered $234 BILLION of suspicious transactions at its tiny #Estonian branch👉🏼“BILLIONS of rubles monthly." 1/…
Way back in 2007, Danske Bank was criticized by the Estonian regulator and received info from Danish regulators pointing out: “criminal activity in its pure form, including #MoneyLaundering."🤨

#DanskeBank FAILED to do anything to stop it. Why not? Likely, b/c they PROFITED.🤬2/
In 2014 (7 years later!), a whistleblower at the Estonian branch said that #DanskeBank did NOT properly investigate the #MoneyLaundering allegations, which were not shared with its board.

Danske said that measures to get its business under control had been "insufficient."🙄 3/
Read 6 tweets
THREAD: in 2013, Denmark’s biggest bank – Danske – previously accused of #MoneyLaundering, shut down 20 #Russian🇷🇺accounts used to funnel cash through British companies by *members of Putin’s FAMILY & the FSB*‼️ 1/…
In 2013, a whistleblower alleged that Danske's Estonian branch was engaged in "suspicious & possibly illegal activity" involving the LAUNDERING of money for Putin, his family & the FSB, but the whistleblower's report remained secret until being leaked now‼️ 2/
Last September, Danske's SAME Estonian branch was busted for laundering $2.9 billion of mostly Azerbaijani money, channeled through opaque British companies.🤨 3/
Read 19 tweets

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