A post-mortem of the Danske Bank fraud

In 2018, reports emerged that Denmark’s Danske Bank-one of the largest banks in Northern Europe-had processed transactions of nonresident customers at its Estonia branch, most of them Russia-linked, totaling around $200 billion between 2007 and 2015. The case triggered multiple resignations at the bank, several arrests, and a $2 billion payout late last year.
This March 8, 2023 episode of the Peterson Institute for International Economics (PIIE) event series Financial Statements re-examines the Danske saga as the financial sector faces renewed scrutiny over sanction compliance and anti-money laundering policies.
Host: Nicolas Véron (PIIE)
Guests: Jesper Berg (Danish Financial Supervisory Authority), and David Enrich (New York Times)
For more information, visit: www.piie.com/e...
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