PYMNTS
DECEMBER 10, 2018
The unit, which was based in the British Virgin Islands, was part of the bank’s Global Trust Solutions (GTS) business, which had been for sale since 2016. The business was handling trusts in low-tax locations like Germany and the Virgin Islands. In October of 2017, a deal was reached to sell the unit to N.T.
PYMNTS
APRIL 30, 2019
Danske Bank admitted that 200 billion euros went through its Estonian branch between 2007 and 2015, and the document shows that Russian Central Bank employees warned about money laundering risks and tax evasion schemes. Sven Giegold, an EU lawmaker, said that legal actions against Denmark and Estonia should be initiated.
PYMNTS
MARCH 4, 2019
According to a report in Reuters , citing Finnish broadcaster Yle, which had access to leaked documents, the money came from companies registered in countries with tax havens, including the British Virgin Islands, Panama and Belize.
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