money laundering

Troika Laundromat: inside Europe’s latest money laundering scandal

Reports of a new money laundering scheme, the Troika Laundromat, highlight the brazen use of illegitimate funds within the world of the ultra-wealthy

1 Jul 2019

The Estonian branch of Danske Bank funnelled more than €200bn of illicit funds from Russian accounts into the continental banking system between 2007 and 2014

European banking regulator faces criticism after failing to take action on Danske Bank scandal

The European Banking Authority’s decision to close its investigation into money laundering at Danske Bank without action has elicited reproach from the continent’s lawmakers

29 Apr 2019

ECB set to supervise PNB Banka amid Latvian banking scandals

The European Central Bank will take on a direct supervisory role at Latvia’s seventh-largest bank, PNB Banka, following a series of financial scandals in the Baltic state

12 Mar 2019

A costly affair: why Europe is losing the fight against money laundering

Over the past decade, the eurozone has struggled to wash its hands of dirty money. As a result, money laundering has become a global concern that requires a major solution

11 Mar 2019

Swedbank scandal: suspicious funds linked to former Ukrainian president

Over €5.1bn of suspicious transactions, some of which are thought to be linked to former Ukrainian leader Viktor Yanukovych, have been detected at Sweden’s oldest bank

27 Feb 2019

Danske Bank whistleblower brands UK structures an “absolute disgrace”

Howard Wilkinson’s testimony in the Danske Bank money laundering hearing has implicated British LLPs, as well as US and German lenders

22 Nov 2018

The Vatican’s finances have long been shrouded in mystery, but its involvement in a number of scandals over the last 100 years have shed some light on the city-state’s secretive dealings

Top 5 financial transgressions committed by the Vatican

The Vatican’s ultra-secretive culture and dubious financial dealings have frequently mired it in scandal. We chart the most memorable

20 Nov 2018

Borgen joined Danske Bank in 2009, overseeing international operations until 2013, when he was made CEO

Danske Bank CEO steps down amid €200bn money laundering scandal

A report on Danske Bank’s Estonian business dealings provides damning evidence of illegal transfers worth billions

19 Sep 2018

Awards Supplement 2023

The European CEO awards 2023 have now been announced, presenting our pick of the CEOs, companies and campaigns leading their sectors.