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Fri Sep 14, 2018, 09:37 AM

U.S. probes Danske Bank over money laundering allegations involving Russia

Source: Wall Street Journal via Marketwatch

U.S. law enforcement agencies are probing Denmark’s largest bank over allegations of massive money laundering flows from Russia and former Soviet states, according to a person familiar with the matter and documents reviewed by The Wall Street Journal.

The Justice Department, Treasury Department and Securities and Exchange Commission are each examining Danske Bank after a confidential whistleblower complaint was filed to the SEC more than two years ago, the person familiar said. The probes are ongoing and related to transactions at Danske’s DANSKE, -2.82% tiny Estonian branch over several years through 2015. The Journal reported earlier this month that the bank is studying $150 billion that flowed through accounts of non-Estonian account holders at the branch.

The whistleblower complaint identified Deutsche Bank AG DBK, -0.15% and Citigroup Inc. C, +0.66% , both overseen by U.S. regulators, as involved with transactions into and out of Danske Bank’s Estonian branch. Deutsche Bank acted as a correspondent bank for Danske, handling dollar wire transfers. Citigroup’s Moscow office was involved in some of the transfers through Danske Bank’s Estonian branch, the person familiar with the probes said.

Read more: https://www.marketwatch.com/story/us-probes-danske-bank-over-money-laundering-allegations-involving-russia-2018-09-14

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Reply U.S. probes Danske Bank over money laundering allegations involving Russia (Original post)
UpInArms Sep 14 OP
dalton99a Sep 14 #1
bucolic_frolic Sep 14 #2
BumRushDaShow Sep 14 #5
Recursion Sep 14 #6
Mosby Sep 14 #8
IthinkThereforeIAM Sep 14 #3
Leghorn21 Sep 14 #4
lagomorph777 Sep 14 #7

Response to UpInArms (Original post)

Fri Sep 14, 2018, 09:40 AM

1. Kick

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Response to UpInArms (Original post)

Fri Sep 14, 2018, 09:42 AM

2. How did we get investigative authority over foreign banks?

I never did understand. It's outside our sovereignty.

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Response to bucolic_frolic (Reply #2)

Fri Sep 14, 2018, 10:46 AM

5. Possibly because of this

complaint identified Deutsche Bank AG DBK, -0.15% and Citigroup Inc. C, +0.66% , both overseen by U.S. regulators
from the posted OP excerpt and this from the OP article lik -

Deutsche Bank acted as a correspondent bank for Danske, handling dollar wire transfers. Citigroup’s Moscow office was involved in some of the transfers through Danske Bank’s Estonian branch, the person familiar with the probes said.

https://www.marketwatch.com/story/us-probes-danske-bank-over-money-laundering-allegations-involving-russia-2018-09-14

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Response to bucolic_frolic (Reply #2)

Fri Sep 14, 2018, 02:21 PM

6. It's the wonders of having a global reserve currency

It makes a lot of things "our business"

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Response to bucolic_frolic (Reply #2)

Fri Sep 14, 2018, 02:43 PM

8. yeah, we should just mind our own business (according to our president)

U.S. Attack on I.C.C. Is Seen as Bolstering World's Despots

THE HAGUE — In a city that symbolizes international peace and justice, the ambassador from Burundi has had a lonely job. As her government faces accusations of murder, rape and torture, she has made the unpopular argument that the International Criminal Court should butt out.

The ambassador, Vestine Nahimana, says the court is a politicized, unchecked intrusion on Burundi’s sovereignty. “It’s difficult,” Ms. Nahimana said in an interview here. “In a way, we’ve been isolated.”

No longer. Her critiques echo those of warlords and despots whose arguments have long been dismissed by the West. But Burundi’s position got a powerful voice of support this week from President Trump, whose national security adviser, John R. Bolton, declared the international court “ineffective, unaccountable, and indeed, outright dangerous,” and threatened sanctions against the court’s prosecutors and judges who pursued cases against Americans.

“We can only rejoice that another country has seen the same wrong,” Ms. Nahimana said. “Perhaps this will be a message that the sovereignty of a country must be respected, in the U.S. and in other countries. That’s also what the White House asks.”

For the Trump administration, Mr. Bolton’s speech was the latest example of disdain for global organizations and — in this case — taking the same side as strongmen and dictators. But for the International Criminal Court, a relatively young institution, the new White House policy of open hostility comes at a perilous time.

https://www.democraticunderground.com/113322095

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Response to UpInArms (Original post)

Fri Sep 14, 2018, 10:13 AM

3. kick...


... and do not forget that following WW2, when U.S.S.R., "annexed", the Baltic states, they forced ethnic Russians to move into them so as to assimilate the cultures, to put things politely.

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Response to UpInArms (Original post)

Fri Sep 14, 2018, 10:44 AM

4. GOOD. KICK.


fuckers

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Response to UpInArms (Original post)

Fri Sep 14, 2018, 02:35 PM

7. $150 billion through one branch office.

That would be a lot of truckloads of Roubles backing up to the door!

I wonder how money of those Roubles ended up in the pockets of Manaflip, Pres Turd, and Wilbur Roubles?

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