A post-mortem of the Danske Bank fraud

In 2018, reports emerged that Denmark’s Danske Bank—one of the largest banks in Northern Europe—had processed transactions of nonresident customers at its Estonia branch, most of them Russia-linked, totaling around $200 billion between 2007 and 2015. The case triggered multiple resignations at the bank, several arrests, and a $2 billion payout late last year.

This March 8, 2023 episode of the Peterson Institute for International Economics (PIIE) event series Financial Statements re-examines the Danske saga as the financial sector faces renewed scrutiny over sanction compliance and anti–money laundering policies.

Host: Nicolas Véron (PIIE)
Guests: Jesper Berg (Danish Financial Supervisory Authority), and David Enrich (New York Times)

For more information, visit: https://www.piie.com/events/post-mort...


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