DANSKE BANK INVESTIGATION COULD UNCOVER TIES TO NORTH KOREA AND IRAN

Defense News on 6th July carried a report about Danske Bank, Denmark’s leading financial services group, being under investigation by Danish authorities for multiple cases of money laundering through its Talinn-based branch, Danske Bank Estonia (DBE), between 2007 to 2015.  Denmark’s Financial Supervisory Authority (FSA) will also examine reports that money laundered through DBE was used to finance weapons deals between North Korea and Iran in 2009.  investigators are said to be examining money laundered through DBE and one such inquiry includes the shipment by aircraft of 35 tons of missiles, grenades and other military materials between North Korea and Iran in December 2009, which investigators suspect was funded from cash laundered through DBE by Russian state officials, working with organised crime groups.

https://www.defensenews.com/global/europe/2018/07/06/danske-bank-investigation-could-uncover-ties-to-north-korea-and-iran/

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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