German Regulator Warns Deutsche Bank Over Money-Laundering, Appoints Auditor

Deutsche Bank has been directed to put in more effort by the financial regulator of Germany to prevent incident of money-laundering and “terrorist financing,” and has also directed the appointment of an independent auditor to monitor the progress of the efforts being made by the bank BaFin, the German financial regulator announced on Monday that…

EU Calls Danske Money Laundering Scandal The Largest Ever In Europe

The €200bn money laundering scandal that hit Denmark’s largest bank – Danske bank, has been described as the “the biggest scandal” in Europe by the European Commission. An explanation from ministers from Denmark and Estonia would be sought by the European commissioner for justice about how the Danske Bank executives and regulators did were not…