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NEWS: Former Danske Bank CEO cleared by Danish court in $322M (€320M) investor lawsuit

Premium November 9, 2022

Photo Credit: Thomas Borgen | LinkedIn

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NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

By Alisha Houlihan for AMLi

The former CEO of Danske Bank, Thomas Borgen, has been cleared by a Danish court in a $322M (€320M) investor lawsuit linked to Danske’s involvement in a multi-billion dollar money laundering scandal.

It was alleged that Mr Borgen failed to disclose information about suspicious payments moved through Danske Bank’s former Estonian branch, leading to a lawsuit from 155 institutional investors demanding KR2.4BN (€323M) from him, Reuters reports.

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Premium

NEWS: France, Ireland and Latvia called out by EU for AML failures

 Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

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