Danske bank chief resigns over EUR200bn money-laundering scandal
(The Guardian Denmark)

Thomas Borgen admits most of £180bn that passed through Estonian branch was fraudulentThe boss of Denmark´s biggest bank has resigned after admitting that the vast majority of EUR200bn (£178bn) flowing through its Estonian branch was money-laundered cash flowing illegally out of Russia, the UK and the British Virgin Islands.`It is clear that Danske Bank has failed to live up to its responsibility in the case of possible money laundering in Estonia. I deeply regret this,` Thomas Borgen said in his resignation statement on Wednesday. Related: EU proposes new powers to crack down on money laundering Continue reading...