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NEWS: Former Danske Bank CEO cleared by Danish court in $322M (€320M) investor lawsuit

Premium November 9, 2022

Photo Credit: Thomas Borgen | LinkedIn

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NEWS: Gazprombank, third largest lender in Russia, among 50 banks hit with new US sanctions

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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

By Alisha Houlihan for AMLi

The former CEO of Danske Bank, Thomas Borgen, has been cleared by a Danish court in a $322M (€320M) investor lawsuit linked to Danske’s involvement in a multi-billion dollar money laundering scandal.

It was alleged that Mr Borgen failed to disclose information about suspicious payments moved through Danske Bank’s former Estonian branch, leading to a lawsuit from 155 institutional investors demanding KR2.4BN (€323M) from him, Reuters reports.

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Premium

NEWS: Gazprombank, third largest lender in Russia, among 50 banks hit with new US sanctions

 Premium

NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

Regulatory Watch News

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    On 21 November 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. The following entries have been added under the Global Anti-Corruption financial sanctions regime and are now subject to an asset freeze:

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