Featured Banking

Germany: Santander bank caught up in major tax evasion investigation

Prosecutors in Germany have launched a probe into the role Spanish bank Santander may have played in a widespread tax fraud scheme. The probe, which has seen the authorities examine the role of other banks, looks at allegations that Santander executed trades that facilitated ‘severe tax evasion’ between 2007 and… Read More

Denmark investigates Nordea Bank over money laundering allegation

Denmark’s state prosecutor has launched a probe into a complaint that Nordea Bank facilitated money laundering. The Danish State Prosecutor for Serious Economic and International Crime declined to name the firm that made the allegations, but said in a tweet: “We can confirm that we have received a report… Read More

Hit or miss? Regulator rejects CEO candidate of scandal-hit Danske Bank

Denmark’s banking regulator has turned down Danske Bank’s plans to appoint Jacob Aarup-Andersen as CEO, citing the need for someone more experienced to take on the position. Denmark’s largest bank began to hunt for a new CEO after a multi-billon euro money laundering scandal highlighted serious compliance flaws conducted in… Read More
19th October 2018
Prosecutors in Germany have launched a probe into the role Spanish bank Santander may have played in a widespread tax fraud scheme. The probe, which has seen the authorities examine the role of other banks, looks at allegations that Santander executed trades that facilitated ‘severe tax evasion’ between 2007 and… Read More
19th October 2018
Denmark’s state prosecutor has launched a probe into a complaint that Nordea Bank facilitated money laundering. The Danish State Prosecutor for Serious Economic and International Crime declined to name the firm that made the allegations, but said in a tweet: “We can confirm that we have received a report… Read More
19th October 2018
Denmark’s banking regulator has turned down Danske Bank’s plans to appoint Jacob Aarup-Andersen as CEO, citing the need for someone more experienced to take on the position. Denmark’s largest bank began to hunt for a new CEO after a multi-billon euro money laundering scandal highlighted serious compliance flaws conducted in… Read More
19th October 2018
Brits looking for love are at risk of losing thousands of pounds to romance scams or ‘rom-cons’, according to Barclays Bank, which said it has conducted new research on the form of fraud. Romance scams occur when someone is convinced to make a payment to a person they have… Read More
18th October 2018
The European Central Bank (ECB) is reportedly looking to revoke the licence of Pilatus Bank, following the arrest of its chairman over money laundering charges and allegations it processed corrupt payments. Malta’s banking regulator has also previously recommended that the licence be withdrawn. The ECB’s supervisory board has… Read More
18th October 2018
James Ibori, the former governor of Nigeria’s oil-rich Delta State, has challenged a British court ruling which convicted him of laundering stolen public funds. Ibori is alleged to have used the money to acquire various assets. He reportedly owned houses in the US and UK, luxury brand cars and was… Read More
17th October 2018
British-based Hermitage Capital Management has reportedly accused Nordea bank of breaching anti-money laundering rules, according to Sweden’s Economic Crime Authority. Hermitage is understood to have handed over some documents regarding the matter to the agency. “We have received documents from Hermitage regarding money-laundering and we’re evaluating which authority should… Read More
17th October 2018
The United Kingdom will continue to work with the European Union on implementing sanctions after it leaves the bloc, however it may not necessarily fully replicate all aspects of existing EU sanctions, a government statement explained. In recent months, differences between London and Brussels over negotiating a Brexit deal has… Read More
17th October 2018
AP — Global credit card and payments companies like American Express, Visa and MasterCard are facing a challenge in meeting a requirement to store transaction data for all Indian customers within the country. A new rule took effect Tuesday that directs payment companies to store all… Read More
16th October 2018
Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive, dubbed 6AMLD (Sixth Anti-Money Laundering Directive) on 11 October 2018. Once the directive is published in the… Read More
Must Read

Germany: Santander bank caught up in major tax evasion investigation

Prosecutors in Germany have launched a probe into the role Spanish bank Santander may have played in a widespread tax fraud scheme. The probe, which has seen the authorities examine the role of other banks, looks at allegations that Santander executed trades that facilitated ‘severe tax evasion’ between 2007 and… Read More

Denmark investigates Nordea Bank over money laundering allegation

Denmark’s state prosecutor has launched a probe into a complaint that Nordea Bank facilitated money laundering. The Danish State Prosecutor for Serious Economic and International Crime declined to name the firm that made the allegations, but said in a tweet: “We can confirm that we have received a report… Read More