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 session of Financial Statements re-examines the Danske saga as the financial sector faces renewed scrutiny over sanction compliance and anti–money laundering policies.
Joining this episode of Financial Statements were:
Senior Fellow, Peterson Institute for International Economics (PIIE)
Director General, Danish Financial Supervisory Authority (FSA)
Business Investigations Editor, New York Times; author of Dark Towers
About This Series
Financial Statements is a biweekly virtual event series hosted by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.