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Investigation related to money-laundering at Danske Bank began working with Deutsche Bank, BofA and JPMorgan

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Investigation related to money-laundering at Danske Bank began working with Deutsche Bank, BofA and JPMorgan
November 19
09:00 2018

According to the authoritative agency Bloomberg, the US Justice Department demanded from Deutsche Bank and Bank of America to provide the information about working with Danske Bank. The Estonian branch is suspected of money laundering. The representatives of JPMorgan also answered the questions dealing with this issue.

These 3 banks were correspondents of a branch suspected of illegal operations. The amount of doubtful operations totaled $ 200 billion.

The key question is how the transactions with the Estonian bank were checked. The investigation has just begun and will last for some time. At the moment it is impossible to say that these organizations may be involved in the illegal scheme. JPMorgan stopped working with Danske Bank in 2013, while Deutsche Bank and BofA- in 2015.

The investigation into the case will also be carried out by the EU. This is one of the brightest and large-scale crimes of this kind.

Danske Bank is the largest in Denmark. It occupies a leading position among the main banks of the EU and operates in 14 countries. Its headquarters is located in Copenhagen.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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