The world’s most successful criminals: Banks

A single small branch of Danske Bank in Estonia processed £120 billion between 2007 and 2015.

No one really knows where this money went. All we know is that the last people to see it was…three large banks in the US. They were the last check, and when that failed, the money was into the global financial system.”

Deutsche Bank, J P Morgan and Bank of America were all reportedly involved in clearing dollar transactions for Danske’s Estonian branch.”

There is no chance in the world…. That any of this money is going to be tracked down and that any criminals lose a single cent.”

Source The Guardian 20th November 2018 pp38-9 NB: This wasn’t front page news


This entry was posted in Finance and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.