Danske wields risk axe after Estonia money laundering scandal

In an era when compliance heads have unprecedented importance in banking, there is perhaps no other major financial institution in the world where the role is quite as crucial as it is at Danske Bank. Philippe Vollot became the Danish lender’s new chief compliance officer in November last year, just weeks after former chief executive Thomas Borgen resigned, amid a €200 billion money-laundering scandal.

EUROPE’S MONEY LAUNDERING PROBLEM

1. Can Europe’s banks wash themselves clean?

Calls to make those in charge responsible

2.