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

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.
Author:
Updated:
Original:
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]

Related

challenger-deutsche

Going Forward, Federal Regulators Should Announce When They Are NOT Probing Deutsche Bank

If Danske Bank broke all those laws, then the Fed is pretty sure that Deutsche Bank helped.

swedbank

Something Is Rotten In The State Of Denmark (And Also Sweden)

I thought the Scandinavians were supposed to be the good guys?

(Getty Images)

In Retrospect, Deutsche Bank Sees Something Fishy About This Paul Manafort Character

Probably shoulda done something about them at the time, but, you know, everyone makes mistakes. ‘Specially Deutsche Bank.

By thetaxhaven (Kweku-Adoboli-007Uploaded by traveler100) [CC BY 2.0], via Wikimedia Commons

Without Kweku Adoboli, Who Will Tell British Would-Be Rogue Traders That It’s Not Their Fault?

If you kick him out of the country, the next billion-dollar unauthorized trading scandal is on your head.

(Getty Images)

Bonus Watch ’20: BNY Mellon Whistleblower Gets His $5 Million—Plus $45 Million

Not bad for two year’s work, but it did take a long time to hit the old bank account.

Screen Shot 2019-01-14 at 3.42.23 PM

Danske Bank In Real Trouble Now That Inspector Clouseau Is On The Case

The Danes have to translate everything into French now.

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

Things Getting Very Bad Indeed For Very Bad Danish Bank

“Requests for information from the U.S. Department of Justice in connection with a criminal investigation” bad.