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NEWS: First Danish court case in ‘cum-ex’ tax fraud scheme starts Wed

Premium November 8, 2023

While made with the highly digitised nature of Danish society in mind, the initiatives are also applicable to other European countries and “could serve as an inspiration towards better, more automated processes and a higher harmonisation of KYC procedures in the EU.”

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NEWS: Canada’s TD Bank names insider Michelle Myers as global chief auditor amid regulatory glare

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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

By Johannes Birkebaek

The first Danish trial related to an alleged “cum-ex” tax fraud scheme against a Briton charged with defrauding the Danish government of 320 million crowns ($45.3 million) started on Wednesday morning in a Copenhagen city court.

Guenther Klar will be the first person to be tried out of nine from the United States and Britain charged by the Danish state prosecutor with defrauding Danish tax authorities in the “cum-ex” tax fraud scheme, involving dividend taxes.

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Premium

NEWS: Canada’s TD Bank names insider Michelle Myers as global chief auditor amid regulatory glare

 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

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