Global Banks Enabled the Danske Laundromat, Whistle-Blower Says

Europe should take a long, hard look at the international correspondent banks and U.K.-based shell companies that greased the flow of dirty money in one of the biggest laundering scandals in history, according to the man who first brought the case to the light of day.

Howard Wilkinson, a former Danske Bank A/S manager who blew the whistle on its multi-billion dollar laundromat, told lawmakers in Brussels that when it comes to shell companies, or limited liability partnerships, the U.K. is “worst of all.” He said he was legally prevented from naming the other banks involved, but urged lawmakers to treat the Danske scandal as a case that goes well beyond its core in Estonia.