Danske Bank and HSBC

We have learned today that Danske Bank is being charged for its money laundering scandal. It seems that its branch in Estonia (the only one there) handled around €200bn of Russian and other ex-Soviet money—apparently a large part of it thought to be suspicious.

This reminded me of the excellent episode 4 in Dirty Money, a Netflix TV show. It talks about HSBC, in particular how it got around the anti-money laundering rules years ago. There is when I first heard about the concept too big to jail. Highly recommended.

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