Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Germany updated its anti-money laundering and countering financing of terrorism (AML/CFT) regime to be consistent with the EU’s Fourth Anti-Money Laundering Directive, by imposing cryptocurrency licensing requirements effective from January 1, 2020.… Continue Reading
A trove of money laundering scandals erupted in Northern Europe this year, tying major financial institutions from all three Scandinavian countries to alleged bribery schemes, attempts to evade U.S. sanctions, and serious regulatory failures.… Continue Reading
Following its involvement in one of the world’s worst-ever money laundering scandals, Danske Bank’s new CEO, Chris Vogelzang, has vowed to “strengthen the bank’s defense” and work to restore trust.… Continue Reading
Once again, AML failures are shaking up the headlines. If the Danske Bank scandal wasn’t enough, at the beginning of March, the Organized Crime and Corruption Reporting Project showed how a series of offshore shell companies were used to move billions of dollars of private wealth from Russia to the West.… Continue Reading
Former Danske Bank CEO Thomas BorgenThe CEO of Denmark’s biggest bank resigned last week after an internal investigation found $235 billion in suspicious transactions at the bank’s branch in Estonia.… Continue Reading
Danske Bank appears to have been used to launder $8.3 billion between 2007 and 2015 on behalf of individuals and entities located in Estonia. The bank’s punishment so far? A “stern ticking off,” as Bloomberg put it, and a request by Denmark’s banking regulator to hold more capital.… Continue Reading
