Danske Whistleblower Says Big European Bank Handled $150 Billion In Payments

COPENHAGEN (Reuters) – The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments, or nearly two-thirds of the transactions under scrutiny.

Howard Wilkinson, who was head of Danske Bank’s trading unit in the Baltics from 2007 to 2014, did not name the bank, but a source with direct knowledge of the case said he was referring to Deutsche Bank, which was one of the lenders clearing dollar transactions for Danske’s Estonian branch.

A Deutsche Bank spokesman confirmed in a statement to Reuters the lender acted as a correspondent bank for Danske in Estonia.

Authors: Teis Jensen, Jacob Gronholt-Pedersen

Source: Reuters

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