Money laundering

His boss pleaded guilty to helping wealthy clients hide assets worth at least 1.6 billion euros.

Denmark has reported the local operations of Ernst & Young and KPMG to the police amid a widening crackdown on money laundering in the country.

European Union finance ministers agreed to add 10 countries to a blacklist of alleged tax havens, including the United Arab Emirates and Bermuda, despite last-minute push-back by some EU nations.

A report that the lender was involved in money laundering is being probed in Denmark over the Estonian dirty-money scandal surrounding Danske Bank.

The bank was allegedly being used to launder billions of dollars in dirty money through its Estonian unit.

The Internal Revenue Service’s Bank Secrecy Act program, in which it is supposed to safeguard against money laundering, is having only a minimal impact on tax compliance, according to a new report.

As multiple investigations into Danske Bank A/S get under way, Denmark’s government wants to know why the bank’s auditors appear to have missed signs that one of Europe’s biggest money laundering scandals was unfolding in front of them.

The British government says it is targeting accountants, lawyers and real estate agents who help hide dirty money as part of an increasingly aggressive effort to crack down on illicit fund flows from Russia, China and elsewhere.

Almost one out of two large global companies experienced some form of fraud, theft, money laundering or other financial crime in the past year, according to a new report.

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