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Danske Bank — corporate involvement in Denmark
Linked to 3 cases: Scale, Origin of Funds, Failures. 4 known connections.
Biography
Largest bank in Denmark
Nordic financial giant
Estonia branch was center of scandal
Cases Involved
Scale
€200 billion in suspicious transactions 2007-2015 period Estonia branch (non-resident portfolio) ~15,000 suspicious customers
Origin of Funds
Russia (majority) Azerbaijan Moldova Other former Soviet states Shell companies, oligarchs
Failures
Compliance ignored warnings Whistleblower (Howard Wilkinson) dismissed Management failures Regulatory oversight gaps
Connections
�E
🇪🇪 Estonia
branch location
�R
🇷🇺 Russia
source of suspicious funds
�A
🇦🇿 Azerbaijan
Laundromat connections
�D
🇺🇸 US DOJ
lead investigation
Sources
- Berlingske (broke story)
- OCCRP
- Financial Times