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Justice Department Questioning Deutsche Bank, BofA & JPM Involvement Danske Money-Laundering Scandal

Mary Jane WilmothbyMary Jane Wilmoth
November 16, 2018
in Corporate, Global Whistleblowers, News
Reading Time: 2 mins read
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Dankse Bank Money-launderingA report released by Bloomberg today states that criminal investigators from the U.S. Department of Justice have contacted Deutsche Bank AG and Bank of America Corp. about transactions they handled for the small Danske Bank branch in Estonia that’s at the center of one of the biggest money-laundering investigations in history. The investigators are also questioning JPMorgan Chase & Co.’s work with the branch.

A confidential whistleblower stepped forward in 2013, uncovering a massive money-laundering scandal involving billions of dollars flowing out of Russia and other former Soviet states. In September of 2018, news reports on the $234 billion scandal revealed the existence of a whistleblower but not the identity. However, his identity was subsequently leaked to the news media, presumably by current or former Danske Bank employees who knew who he was.

The whistleblower, Howard Wilkinson, provided evidence that customers were using hundreds of phony shell companies to move hundreds of millions of dollars in violation of money laundering laws.

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Leading whistleblower attorney, Stephen M. Kohn, who is representing Wilkinson, said: “Law enforcement must hold accountable every institution that facilitated the money laundering scheme, both in Europe and in New York. Mr. Wilkinson’s disclosures have demonstrated again whistleblowers are the key to the detection of fraud and holding fraudsters accountable.”

Wilkinson is scheduled to testify before the Danish Parliament on November 19, 2018 and the European Parliament on November 21st. The European Parliament also requested Stephen Kohn to provide testimony as an expert on whistleblower law.

Learn more:

  • How the Danske Bank Money-Laundering Scheme Was Uncovered by a Whistleblower
  • Deutsche Bank, BofA, JPM Are Drawn into Danske Probe
  • Danske Bank Whistleblower Demands Protection
  • Danske Bank Whistleblower to Testify before the Danish and European Parliaments
  • American Whistleblower Attorney “Dirty Harry” of Denmark’s Financial Fraud
  • Danske Bank Waives Nondisclosure Agreements Permitting Danske Bank Whistleblower to Testify Before Danish And European Parliaments
Tags: CorruptionDanske BankMoney LaunderingWhistleblower
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Danske Bank Whistleblower’s Testimony at Danish Parliament Causes Media Frenzy

Mary Jane Wilmoth

Mary Jane Wilmoth

Mary Jane Wilmoth is the publisher of Whistleblower Network News, where she heads the editorial staff. She writes about breaking whistleblower news, and False Claims Act whistleblowers, SEC whistleblowers, IRS whistleblowers, FCPA whistleblowers, and CFTC whistleblowers. Mary Jane is the managing partner at the whistleblower law firm Kohn, Kohn & Colapinto, and a frequent contributor to The Whistleblower and Qui Tam Blog. She is a licensed attorney in the District of Columbia and a graduate of the University of New Hampshire School of Law (formerly Franklin Pierce Law Center).

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Danske Bank Whistleblower’s Testimony at Danish Parliament Causes Media Frenzy

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