Danish financial institution charged with gigantic money-laundering

It's cracked bank Københavns Andelskasse has been charged with money laundering. It writes DR Nyheder and TV2. - I can confirm that Københavns Andelskasse

Danish financial institution charged with gigantic money-laundering

It's cracked bank Københavns Andelskasse has been charged with money laundering. It writes DR Nyheder and TV2. - I can confirm that Københavns Andelskasse

Ann McDonald
Ann McDonald
21 September 2019 Saturday 08:01
235 Reads
Danish financial institution charged with gigantic money-laundering

It's cracked bank Københavns Andelskasse has been charged with money laundering.

It writes DR Nyheder and TV2.

- I can confirm that Københavns Andelskasse under the control of the Financial Stability this month has been charged with violation of the money laundering act. In addition, I can not comment on the matter further, as there is still an investigation in progress, said inspector at SØIK Thomas Anderskov Riis.

the Bank was in 2017 one of Denmark's smallest banks, but despite the now collapsed bank suspected to have laundered the entire 4,1 billion dollars from October 2017 to september 2018.

the Financial Stability board, which is set in the world of the state in order to resolve failing banks, took over in the fall of 2018 the bank.

Københavns Andelskasse may perhaps, even though it has been one of the smallest banks in the country, might be the bank, which has the record in money laundering.

It assesses the Jacob Dedenroth, managing director of Revisorjura and expert in hvidvaskregler, opposite TV2.

- It makes it the largest hvidvaskskandale on Danish ground. No doubt about it, he says.

the Bank turns the former the first place in relation to money laundering the billions, if the accusation holds true. The so far largest case was the Nordea-fillial on the area, as well as over a decade laundered about two billion.

In may 2019 notified the Financial Stability of several members of the bank's previous management. The notification referred to various breaches of the legislation. It referred among other things, loans to the owners in violation of the andelskassens interest.

the State took over last autumn, the control of the Copenhagen Andelskasse. It was just that there had been a very flawed hvidvaskkontrol in the bank.

It is, among others, come forward, to 183 udlandskunder in a year triggered 1645 hvidvaskalarmer in the bank. The alarms are struck out by the suspicious transfers.

Yet none of the foreign bank customers terminated.

The bad control was also the reason why the Fsa in august 2018, reported the bank to the public Prosecutor for Special Economic and International Crime (SØIK), which is colloquially called the fraud squad.

Updated: 21.09.2019 08:01
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