ALL NEWSSANCTIONS

Nordic supervisors ignored Russian alerts over Laundromat

As part of the investigations held into the Dansk Bank scandal and the Russian Laundromat, Reuters reported that the Russian Authorities informed Nordic supervisors about potential money maundering as early as 2007.

Both Danish and Estonian authorities received reports from their Russian counterparts from 200 to 2013 in regards to the operations linked to the Russian Laundromat scheme.

Confusion continues to grow as the EBA decided to take no action against Danish and Estonian supervisory activities, regardless that their investigations showed that the supervisory authorities were informed of the issue and decided not to take action.

EU members of they parliament insisted that the Laundromat case is not yet closed and that potential actions may be taken against Danish and Estonian supervisors and some called for a drastic change in the Board of the EBA who rejected the report and decided to not proceed against the aforementioned supervisors.

Source

https://uk.reuters.com/article/uk-danskebank-moneylaundering-eba/supervisors-ignored-russian-warnings-over-money-laundering-at-danske-document-idUKKCN1S61JK

Tags

Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker