Danske Bank money laundering ‘is biggest scandal in Europe’

Panama Papers Scandal Dollar Finance OffshThe European commission has described the €200bn (£178bn) money-laundering case at Denmark’s largest bank as “the biggest scandal” in Europe.

Věra Jourová, the European commissioner for justice, said she would summon ministers from Denmark and Estonia to explain how Danske Bank executives and regulators missed the scandal.

“I want to understand better where the main errors happened, whether it was purely a fault of the due diligence done by the bank itself or whether there was some mistake of the supervisory authority,” Jourová told reporters on Thursday.

Source: The Guardian

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