Report commissioned by the bank and completed by a Swedish law firm that found there was money laundering that was brought to the bank’s attention in 2007. The interesting part is that it was the Russians who warned the bank about the money laundering problems. So far, 6,200 customers have been investigated, “the vast majority of which have been found to be suspicious.”
In addition to he Russians, a whistleblower in the bank reported that employees were working with customers who had been known to break the law, kind of a basic tenet in the prevention of money laundering. Also, JPMOrgan, Danske’s correspondent bank, ended its relationship with the bank because it had so many nonresident customers, yet another red flag.