To what extent does this case reveal the gaps in international efforts against money-laundering and the vulnerabilities of banking institutions to being exploited for money laundering.

In the area of International Financial Crime & Security, What went wrong in the case of Danske Bank?

To what extent does this case reveal the gaps in international efforts against money-laundering and the vulnerabilities of banking institutions to being exploited for money laundering.

Also consider the issue, have the repercussions and impacts on the financial institutions involved of Danske Bank lasted noticeably longer than those adverse results in previous cases of scandals and wrong-doing concerning international banks?

.. and is it over for Danske Bank?

Give other cases and examples in your answer. (You are encouraged to use the focussed bibliography,- and, of course, your own researches.)

J Gronholt-Pedersen, T Jensen, T Virki Estonia says over 1 trillion flowed 2008-2017 through Estonia REUTERS 31/10/2018 Found on https://uk.reuters.com/article/uk-estonia-moneylaundering/estonia- says-over-1-trillion-flowed-through-the-country-in-2008-2017-idUKKCN1MD1MR

J Garside Is money laundering scandal at Danske Bank the largest in history? GUARDIAN 23/9/2018 Found on https://www.theguardian.com/business/2018/sep/21/is-money-laundering-scandal-at- danske-bank-the-largest-in-history

F Coppola The banks that helped Danske Banke launder Russian money Forbes 30/9/2018 Found on https://www.forbes.com/sites/francescoppola/2018/09/30/the-banks-that-helped-danske-bank- estonia-launder-russian-money/#68301e3c7319

R Milne and D Winter Dankse Bank-anatomy of a money laundering scandal Financial Times
4/10/2018 Found on https://www.ft.com/content/519ad6ae-bcd8-11e8-94b2-17176fbf93f5

T Virki and T Jensen Estonian finance ministry plans money laundering inquiry REUTERS 12/10/2108 Found https://uk.reuters.com/article/danske-bank-moneylaundering-inquiry/estonia-finance-ministry- plans-money-laundering-inquiry-idUKL8N1WS3DZ/
Russia-Denmark has not asked for help in Danske Bank case CHP post Online 15/10/2018
Found on http://cphpost.dk/news/business/russia-denmark-hasnt-asked-for-help-in-danske-bank- scandal-case.html

E Kelton Danske Banks culture of silence implodes thanks to a whistle-blower Forbes 15/10/2018 Found on https://www.forbes.com/sites/erikakelton/2018/10/15/danske-banks-culture-of-silence- implodes-thanks-to-a-whistleblower/#31e4a09b2040

T Jensen Denmark to revamp financial watchdog in wake of Danske Bank scandal -minister REUTERS 26/101/2018 Found on https://uk.reuters.com/article/us-danske-bank-moneylaundering/denmark-to- revamp-financial-watchdog-in-wake-of-danske-bank-scandal-minister-idUKKCN1MZ0SY

C Mitchell Danske Bank money-laundering, Europes biggest scandal aljazeera 17/10/2018 Found on https://www.aljazeera.com/news/2018/10/danske-bank-money-laundering-europe-biggest-scandal- 181011143209065.html

R Milne and C Binham Whats next in Danse Bank scandal? Financial Times 17 /10/ 2018 Found on https://www.ft.com/content/9e0c97b8-ce4c-11e8-9fe5-24ad351828ab

Danske Bank boss says too early to assess scandal damage Irish Times/ REUTERS 1/11/2018 Found on https://www.irishtimes.com/business/financial-services/danske-bank-boss-says-to-early-to-assess- scandal-damage-1.3682844

T .Jensen Explaining Danske Banks 200 billion money laundering scandal Insurance Journal 19/11/2018
Found on https://www.insurancejournal.com/news/international/2018/11/19/509636.htm

R Milne Danske Banks whistleblower criticises Deutsche Banks role in the scandal Financial Times
19/11/2018 Found on https://www.ft.com/content/d1ed8b7e-ebe7-11e8-8180-9cf212677a57

T Jensen and J Gronhold-Pederson Money laundering could affect financial stability Danish central Bank wars REUTERS 3/12/2018 Found on https://kyc360.com/news/money-laundering-could-affect-financial- stability-danish-central-bank-warns/

S Dadouch Estonia arrests 10 in Danske Bank inquiry REUTERS 19/12/2018 Found on https://www.reuters.com/article/us-danske-bank-moneylaundering/estonia-makes-first-arrests-over- danske-money-laundering-idUSKBN1OI0NL

C Thompson Breaking Views- US will find a way to make Danske Bank suffer4/1/2019 REUTERS https://uk.reuters.com/article/us-danske-bank-results-breakingviews/breakingviews-us-will-find-a-way- to-make-danske-bank-suffer-idUKKCN1OY18H

I Madongo Danske Bank faces 28 million US money-laundering probe in France KYC360 Risk 18/12019 Found on https://www.riskscreen.com/kyc360/news/danske-bank-faces-e28-million-money-laundering- probe-in-france/

K Ridley and K Jessop Danske faces new investor lawsuit threat REUTERS 22/1/2019 Found on https://uk.reuters.com/article/uk-danskebank-moneylaundering-lawsuit/danske-faces-new-investor- lawsuit-threat-idUKKCN1PG0W7

Danske Bank to invest 3000 million in anti -money laundering compliance KYC360 6/2/2019 Found on https://www.riskscreen.com/kyc360/news/danske-bank-to-invest-300-million-to-fight-money- laundering-boost-compliance/

T Sims Deutsche cuts back correspondent banking after Danske scandal REUTERS 4/2/2019 Found on https://www.reuters.com/article/us-deutsche-bank-money-laundering/deutsche-cuts-back- correspondent-banking-after-danske-scandal-idUSKCN1PT1YK

A Scheutze German watchdog widens its remit after Danske Bank scandal REUTERS 15/2/2019 Found on https://uk.reuters.com/article/us-deutsche-bank-money-laundering-bafin/german-watchdog- widens-deutsche-monitor-mandate-over-danske-idUKKCN1Q40V9

N Skydsgaard Danish authorities struggling to cope with surge in suspicious money-flows REUTERS
27/1/2020
Found on https://www.riskscreen.com/kyc360/news/danish-authorities-struggling-with-surge-in- suspicious-money-flows/

C Wienberg Danse Bank investors target former CEO after seeking 387 millions Bloomberg 21/2/2020 Found on https://www.riskscreen.com/kyc360/news/danske-bank-investors-target-former-ceo-seeking- 387-million/

C Wienberg Danske Board is slammed after hiking its pay amid staff cuts Bloomberg 28/2/2020 Found on https://www.riskscreen.com/kyc360/news/danske-board-is-slammed-after-hiking-its-pay- amid-staff-cuts/

Money laundering scandal continuing to hamper Danske Bank P and L in 2020 S & P Global Market Intelligence 20/1/2020
Found on https://www.spglobal.com/marketintelligence/en/news-insights/latest-news- headlines/56696004

N Hodge How Danske Banke is clearing up after a 200bn money laundering scandal Compliance Week
13/10/ 2020
Found on https://www.complianceweek.com/aml/how-danske-is-cleaning-up-after-a-200b-money- laundering-scandal/29595.article

Swedish banks formalize information sharing pat with police Finextra 19/1/2021
Found on https://www.finextra.com/newsarticle/37296/swedish-banks-formalise-aml-information- sharing-pact-with-police

Danske Bank steps up collaboration with the Swedish Police Authority and other Swedish banks to fight
financial crime Danske Bank bulletin/update 19/1/2021
Found on https://danskebank.com/news-and-insights/news-archive/news/2021/19012021

J Gronhold-Pederson Danish prosecutors drop money laundering charges against ex-Danske Bank staff
REUTERS/ NASDAQcom 6/1/202
Found on https://www.nasdaq.com/articles/danish-prosecutors-drop-money-laundering-charges- against-ex-danske-bank-staff-2021-01-07

Swedish banks formalize aml sharing pact with police Finextra 19/1/2021
Found onhttps://www.finextra.com/newsarticle/37296/swedish-banks-formalise-aml-information- sharing-pact-with-police

F Schwartzekopf Dankse Banke sees profit doubling 2021-proposes dividend Bloomberg News
4/2/2001
Found on https://www.bloomberg.com/news/articles/2021-02-04/danske-bank-sees-profit-doubling-in- 2021-proposes-dividend

Universum The most attractive employers Report,and rating of Swedens most attractive employers
18/3/2021
Found on https://rankings.universumglobal.com/en/sweden-most-attractive-employers-danske-bank- business–2021/

Deloitte Danske Bank: CJEU judgment Services supplied by Danish head office to Swedish branch are subject to VAT Deloitte Reports 11/3.2021
Found on https://www2.deloitte.com/nl/nl/pages/tax/articles/danske-bank-cjeu-judgment-services- supplied-by-danish-head-office-to-swedish-branch-are-subject-to-vat.html

F Schwartzkop Danske Bank faces long way back as fines seen hitting1 billion U$
Bloomberg News 18/ 3/2021
Found onhttps://www.bloomberg.com/news/articles/2021-03-18/danske-faces-long-road-back-as-fine- seen-hitting-1-billion

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