Opinion: does Europe have a money laundering problem?

Author: | Published: 11 Dec 2018

The Danske Bank scandal a few months ago raised an uncomfortable question: does Europe have a money laundering problem? The scandal followed Estonian bank Versobank and Latvian lender ABLV, both accused of money laundering, fuelling fears that money laundering is becoming a European endemic. While not accused of money laundering directly, another bank, Netherlands-based ING, was fined €775 million ($888.5 million approximately) for compliance failures.

The criminal investigation instigated by US authorities is yet to be completed and the full realisation of Danske's actions fully digested....


 

 

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