Bankers may find that authorities come down hard on them

Dollars Money

As the first bankers in Europe’s biggest money laundering scandal get detained by police, the political demand is for a tough response targeting the perpetrators.

Bloomberg News reports that a total of 10 former employees of Danske Bank in Estonia were apprehended over the course of Tuesday and Wednesday.

Estonian prosecutors suspect they deliberately helped criminals from the former Soviet Union launder money, for personal gain. In Denmark, where Danske is the biggest bank, the government made clear it’s not in favor of clemency.

“It’s very important to come down hard on this case,” Danish Business Minister Rasmus Jarlov told Bloomberg. “It’s absolutely essential that we ensure that committing economic crimes comes at a cost.

Hit the link below to access the complete Bloomberg News article:

As Ex-Danske Bankers Get Detained, Denmark Urges No Clemency

BofA CEO Feels His Bankers' Pain: ‘We Got a Little Too Careful’

 

Have something to tell us about this article?

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...