On 26th February, OCCRP published a story saying that the Estonian branch of Danske Bank, Denmark’s biggest bank, closed the accounts of several companies in 2013 after realising they had been used by a member of Vladimir Putin’s family and Russia’s intelligence service, FSB, to launder huge amounts of money, according to a leaked report.  It also says that Danske Bank Estonia is already implicated in other money laundering schemes, involving billions of dollars from Azerbaijan, some of which ended up in the pockets of European politicians who praised the regime.  The “Russian Laundromat” also revealed that $20–80 billion was moved out of Russia through a network of global banks, including Danske.  A UK LLP, Lantana Trade LLP, is said to have falsely reported to the UK Companies House in 2013 that it had a low turnover and was dormant. In fact, huge amounts of money passed through the accounts daily.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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