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Danske Bank Money Laundering Scandal
The Danske Bank money laundering scandal arose in 2017-2018, when it became known that around €200 billion of suspicious transactions had flowed from Estonian, Russian, Latvian and other sources through the Estonia-based bank branch of Denmark-based Danske Bank from 2007 to 2015. It has been described as possibly the largest money laundering scandal ever in Europe, and as possibly the largest in world history. It includes incoming funds from Estonia (23%), Russia (23%), Latvia (12%), Cyprus (9%), UK (4%) and others (30%, more than 150 countries each of which account for a smaller part than the UK). Outgoing funds were distributed between Estonia (15%), Latvia (14%), China (7%), Switzerland (6%), Turkey (6%) and others (52%) Financial supervision Danske Bank, headquartered in Copenhagen, is the largest bank in Denmark. The bank's local branch in Estonia, which was acquired by Danske Bank as part of a merger with Finnish Sampo Bank in 2007, was used for the activities. It wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organized Crime And Corruption Reporting Project
The Organized Crime and Corruption Reporting Project (OCCRP) is a global network of investigative journalists with staff on six continents. It was founded in 2006 and specializes in organized crime and corruption. It publishes its stories through local media and in English and Russian through its website. OCCRP works with and supports 50+ independent media outlets in Europe, Africa, the Caucasus, and Central Asia. In 2017, NGO Advisor ranked it 69th in the world in their annual list of the 500 best non-governmental organizations (NGO). History OCCRP was founded by veteran journalists Drew Sullivan and Paul Radu. Sullivan was serving as the editor of the Center for Investigative Reporting (CIR) and Radu worked with an early Romanian center. The team paired with colleagues in the region on a story looking at energy traders. The project showed traders were buying power at below production rates while the public was paying increasingly higher fees. In 2007 the project won the first ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JPMorgan Chase
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the world's largest bank by market capitalization, and the fifth largest bank in the world in terms of total assets, with total assets of US$3.774 trillion. Additionally, JPMorgan Chase is ranked 24th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important bank by the Financial Stability Board. As a " Bulge Bracket" bank, it is a major provider of various investment banking and financial services. It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo. JPMorgan Chase is considered to be a universal bank and a custodian bank. The J.P. Morgan brand is used by the investment banking, asset management, private banking, wealth man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of Azerbaijan
The president of the Republic of Azerbaijan is the head of state of Azerbaijan. The Constitution states that the president is the embodiment of executive power, commander-in-chief, "representative of Azerbaijan in home and foreign policies", and "shall have the right of immunity rom prosecution" The president rules through his executive office, the Presidential Administration, consisting of a group of secretaries and departmental ministers. Additionally, there is a Cabinet of Ministers regarding economic and social policy and a Security Council regarding foreign, military, and judicial matters. The primary workplace is the presidential building (also known as the presidential apparatus) on Istiglaliyyat Street in Baku. Ilham Aliyev, son of the former president, Heydar, was elected the 4th and current president on 31 October 2003 after his father's resignation due to his deteriorating health and eventually died several months later. Selection process and term Eligibility Can ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moldova
Moldova ( , ; ), officially the Republic of Moldova ( ro, Republica Moldova), is a Landlocked country, landlocked country in Eastern Europe. It is bordered by Romania to the west and Ukraine to the north, east, and south. The List of states with limited recognition, unrecognised state of Transnistria lies across the Dniester river on the country's eastern border with Ukraine. Moldova's Capital city, capital and largest city is Chișinău. Most of Moldovan territory was a part of the Principality of Moldavia from the 14th century until 1812, when it was Treaty of Bucharest (1812), ceded to the Russian Empire by the Ottoman Empire (to which Moldavia was a Vassal state of the Ottoman Empire, vassal state) and became known as Bessarabia. In 1856, southern Bessarabia was returned to Moldavia, which three years later united with Wallachia to form United Principalities, Romania, but Russian rule was restored over the whole of the region in 1878. During the 1917 Russian Revolution, B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Latvia
Latvia ( or ; lv, Latvija ; ltg, Latveja; liv, Leţmō), officially the Republic of Latvia ( lv, Latvijas Republika, links=no, ltg, Latvejas Republika, links=no, liv, Leţmō Vabāmō, links=no), is a country in the Baltic region of Northern Europe. It is one of the Baltic states; and is bordered by Estonia to the north, Lithuania to the south, Russia to the east, Belarus to the southeast, and shares a maritime border with Sweden to the west. Latvia covers an area of , with a population of 1.9 million. The country has a temperate seasonal climate. Its capital and largest city is Riga. Latvians belong to the ethno-linguistic group of the Balts; and speak Latvian, one of the only two surviving Baltic languages. Russians are the most prominent minority in the country, at almost a quarter of the population. After centuries of Teutonic, Swedish, Polish-Lithuanian and Russian rule, which was mainly executed by the local Baltic German aristocracy, the independent R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cyprus
Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is geographically in Western Asia, its cultural ties and geopolitics are overwhelmingly Southern European. Cyprus is the third-largest and third-most populous island in the Mediterranean. It is located north of Egypt, east of Greece, south of Turkey, and west of Lebanon and Syria. Its capital and largest city is Nicosia. The northeast portion of the island is ''de facto'' governed by the self-declared Turkish Republic of Northern Cyprus, which was established after the 1974 invasion and which is recognised as a country only by Turkey. The earliest known human activity on the island dates to around the 10th millennium BC. Archaeological remains include the well-preserved ruins from the Hellenistic period such as Salamis and Kourion, and Cypr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shell Companies
A shell corporation is a company or corporation that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships. Shell companies may be registered to the address of a company that provides a service setting up shell companies, and which may act as the agent for receipt of legal correspondence (such as an accountant or lawyer). The company may serve as a vehicle for business transactions without itself having any significant assets or operations. Shell companies are used regularly for tax evasion, tax avoidance, money laundering, or to achieve a specific goal such as anonymity. Anonymity may be sought to shield personal assets from others, such as a spouse when a marriage is breaking down, from creditors, or from government authorities. Shell companies can have legitimate business purposes. They may, for example, act as trustee for a trust, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Howard Wilkinson (whistleblower)
Howard Stephen Jeremy Wilkinson (born 3 April 1971) is a British whistleblower whose actions helped to illuminate the 2018 Danske Bank money laundering scandal. Wilkinson's disclosure was part of reporting that was published in 2018 that stated from 2007 to 2014, a Danske Bank branch located in Estonia had been involved in the suspected laundering of up to $235 billion U.S. dollars. Danske Bank disclosure While working at an Estonian Danske Bank branch, Wilkinson brought attention to a suspected breach of anti-money laundering procedures in the branch by writing four reports to the internal audit unit and management of the bank in Copenhagen in 2013 and 2014. The bank did not respond to these allegations until 2018, when Wilkinson's name was released by an anonymous source to the Estonian newspaper Eesti Ekspress without his consent, which according to Wilkinson, violated his whistleblower protection rights. In November 2018, Wilkinson appeared before the European Parliament Spec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Security Service
The Federal Security Service of the Russian Federation (FSB) RF; rus, Федеральная служба безопасности Российской Федерации (ФСБ России), Federal'naya sluzhba bezopasnosti Rossiyskoy Federatsii, fʲɪdʲɪˈralʲnəjə ˈsluʐbə bʲɪzɐˈpasnəstʲɪ rɐˈsʲijskəj fʲɪdʲɪˈratsɨɪ) is the principal security agency of Russia and the main successor agency to the Soviet Union's KGB; its immediate predecessor was the Federal Counterintelligence Service (FSK) which was reorganized into the FSB in 1995. The three major structural successor components of the former KGB that remain administratively independent of the FSB are the Foreign Intelligence Service (SVR), the Federal Protective Service (FSO), and the Main Directorate of Special Programs of the President of the Russian Federation (GUSP). The primary responsibilities are within the country and include counter-intelligence, internal and border security, counter-terr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Igor Putin
Igor Alexandrovich Putin (russian: Игорь Александрович Путин; born 30 March 1953) is a Russian businessman and politician, former vice president of Master Bank. He is a first cousin of the Russian President, Vladimir Putin. He is the Chairman of Igor Putin Fund, an investment company supporting and developing the industry in outlying regions of Russia. Early life and education Igor Putin was born in Leningrad to the family of a Soviet military officer Alexander Putin, a younger brother of Vladimir Putin senior, father of the Russian President. Soon the family moved to Kovrov and then to Ryazan, where Alexander Putin served as an instructor in Ryazan Guards Higher Airborne Command School. Igor Putin graduated from Ryazan Guards Higher Airborne Command School in 1974. Career In 1974–1998, Igor Putin served in the Soviet Army and then in Russian Army. In 1998, he retired from the military and moved to Ryazan. In 1998–2000, he worked in Ryazan Oblast S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vladimir Putin
Vladimir Vladimirovich Putin; (born 7 October 1952) is a Russian politician and former intelligence officer who holds the office of president of Russia. Putin has served continuously as president or prime minister since 1999: as prime minister from 1999 to 2000 and from 2008 to 2012, and as president from 2000 to 2008 and since 2012. Putin worked as a KGB foreign intelligence officer for 16 years, rising to the rank of lieutenant colonel before resigning in 1991 to begin a political career in Saint Petersburg. He moved to Moscow in 1996 to join the administration of president Boris Yeltsin. He briefly served as director of the Federal Security Service (FSB) and secretary of the Security Council of Russia, before being appointed as prime minister in August 1999. After the resignation of Yeltsin, Putin became Acting President of Russia and, less than four months later, was elected outright to his first term as president. He was reelected in 2004. As he was constitutionall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
