Region: Denmark

ICYMI: A round-up of developments over the holiday season

A Happy New Year from all of us at GIR! During the past two weeks, a San Francisco jury has convicted the founder of blood testing company Theranos of fraud and Denmark has created a new agency for prosecuting complex financial crimes.

04 January 2022

Danish court convicts fuel company of Syria sanctions violations

A former US Treasury Department official described the ruling as “monumental”.

14 December 2021

Danish regulator finds flaws in Danske Bank’s compliance systems

Denmark’s financial regulator has said that Danske Bank has inadequate sanctions screening and monitoring processes.

17 November 2021

FCA fines second company over cum-ex trades

The UK financial regulator has ordered London-based brokerage Sunrise Brokers to pay £642,000 for executing suspected cum-ex trades on behalf of its clients.

12 November 2021

People News: Danske Bank nabs new chief risk officer

In the latest people news roundup, Danish lender Danske Bank has hired the former chief risk officer at Sweden’s SEB Bank and Estonia has appointed a new head of its financial intelligence unit.

28 May 2021

Denmark charges three in Danske Bank-linked money laundering probe

Prosecutors in Denmark have charged three people with laundering billions of dollars in illicit funds through Danish companies that held accounts at Danske Bank’s Estonian branch.

21 May 2021

US lawyers for Danske Bank flagged tax evasion concerns in 2019

11 May 2021

London investment fund penalised over cum-ex transactions

The UK’s financial regulator has issued its first penalty in connection with the cum-ex scandal, punishing London-based Sapian Capital for “incompetently” failing to detect financial crime.

06 May 2021

Danish tax agency to appeal dismissal of mammoth cum-ex lawsuit

The High Court has granted the Danish tax authority permission to contest a decision to throw out its attempt to reclaim over £1.5 billion lost from cum-ex trades.

06 May 2021

Denmark drops charges against ex-Danske Bank executives

Danish prosecutors have now dropped their cases against all ex-Danske Bank individuals previously charged as part of a long-running money laundering investigation.

30 April 2021

Get unlimited access to all Global Investigations Review content