Whistleblower uncovers the Danske Bank money-laundering scheme

Wednesday 24 October 2018 11:00 CET | News

A report in Wall Street Journal has detailed how a British trader in Danske Bank’s Estonia office uncovered a large money-laundering scandal involving the bank.

The feature article describes British banker Howard Wilkinson’s five-year journey to bring an end to this large-scale corruption. Mr. Wilkinson confidentially raised concerns over the illegal money-laundering scheme in 2013. In September of 2018, news reports on the USD 234 billion scandal revealed the existence of a whistleblower but not the identity.

In August 2018, Estonia’s general prosecutor started a criminal investigation into Danske Bank over allegations the bank was involved in money laundering activities.

Mr. Wilkinson had wished to remain anonymous, but his identity was leaked to an Estonia newspaper. He is represented by attorneys Kohn, Kohn & Colapinto, who in September 2018 sent demands to law enforcement authorities in Estonia and Denmark to take actions to protect Howard Wilkinson from whistleblower retaliation.

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Keywords: Danske Bank, money laundering, payment fraud, AML, bank, fraud prevention, Estonia
Countries: World