Tag: Launder

Danske Bank Caught Using Gold Bullion to Launder Illicit Funds

Danske Bank Caught Using Gold Bullion to Launder Illicit Funds The Danish financial institution Danske Bank has been embroiled in a massive money-laundering scandal associated with an Estonian branch that allegedly laundered $ 223 billion in an eight-year period. According to documents uncovered this week stemming from 2012, Danske Bank’s […]

ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions

ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions Malta’s Pilatus Bank has been shut down by the European Central Bank (ECB). Its banking license was revoked after its chairman was charged in the U.S. with money laundering and organizing a scheme to evade U.S. […]

Banks, Money Mules and Front Companies Aid Terrorists in Conflict Zones Launder Money

Banks, Money Mules and Front Companies Aid Terrorists in Conflict Zones Launder Money Terror financing is taking on a new shape, but still retaining its old aides. Environmental crimes such as wildlife trafficking and illegal ivory sales have overtaken the drug trade as the major income source for terrorists around […]