Man Who Watched $233 Billion Laundered Has Never Seen Something As Awful As A British LLP

If Danske Bank had been incorporated under British law, well, you’d probably never have heard of Danske Bank.
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Really only one reason to have a branch in Tallinn. By Pjotr Mahhonin [CC BY-SA 4.0 ], from Wikimedia Commons

Really only one reason to have a branch in Tallinn. By Pjotr Mahhonin [CC BY-SA 4.0 ], from Wikimedia Commons

Howard Wilkinson led Danske Bank’s Baltic trading business for seven years. And what a seven years it was! The entire Estonian GDP and thensome flowed through the Tallinn branch during those years plus the year after Wilkinson blew the whistle on the whole thing. That’s some $233 billion, much of its probably laundered by Russian bad guys, two-thirds of it with the help of the only “DB” you’d probably like to be less than Danske Bank, Deutsche Bank.

Which is all a long way of saying that Howard Wilkinson knows an absolute disgrace when he sees one. And, well, he sees another one.

“The role of the United Kingdom is an absolute disgrace. Limited liability partnerships and Scottish liability partnerships have been abused for absolutely years,” Howard Wilkinson, who headed Danske Bank’s Baltics trading unit from 2007 to 2014, told European Union lawmakers on Wednesday.

Sounds like someone doesn’t think Theresa May’s Brexit plan’s gonna make it through Parliament.

Danske money laundering whistleblower labels UK structures a ‘disgrace’ [Reuters]

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