Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 Countries
(WorldNews Denmark)

Money laundering scandals involving some of the world´s largest banks have grown this week. Switzerland´s largest bank, UBS, has been fined 3.7 billion euros (~$4.2 billion) for money laundering. Amid a $226 billion scandal, Estonian authorities have ordered Denmark´s largest bank to terminate its operations in the country. Danske Bank is also shutting down in three other countries including Russia. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval UBS Convicted in France On Wednesday, Reuters reported that a “French court finds UBS criminally responsible of money laundering.â€� The Associated Press elaborated: The Paris court convicted Zurich-based UBS AG...