Jesper Berg, director general of the Danish FSA
Those of us used to hearing bankers’ gripes about heavy-handed regulators would not expect the supervisor to downplay a money-laundering breach, particularly in a country such as Denmark. But that is the distinct tone of comments Euromoney heard in Copenhagen this summer, in conversations with Danske Bank and the Danish Financial Services Authority (FSA).
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| EUROPE'S MONEY LAUNDERING PROBLEM |
| 1. Can Europe's banks wash themselves clean? |
| Calls to make those in charge responsible |
| 2. Why Europe can't stop money laundering |
| Is Brexit good news for money launderers? |
| 3. Regulators find few lessons in Danske |
| 4. How privacy fears slow UK-style data sharing |
| 5. Danske wields risk axe after Estonia scandal |
Danske’s new French-born chief compliance officer Philippe Vollot does not challenge Euromoney’s reference to non-resident flows through its Estonia branch between 2007 and 2015, at €200 billion, as the world’s biggest-ever money laundering case.
