Estonia

Danske Bank CEO Thomas Borgen Stepping Down

Danske Bank CEO Thomas Borgen Stepping Down
Danske Bank CEO Thomas Borgen Stepping Down
September 19, 2018  |  Cybersecurity

Danske Bank’s chief executive Thomas Borgen is stepping down from Denmark’s largest bank amid a money laundering scandal with its small but profitable Estonian branch....

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Investors Flee Danske Bank Following Money Laundering Allegations
Investors Flee Danske Bank Following Money Laundering Allegations
July 09, 2018  |  Bank Regulation

Danske Bank is facing backlash from a money laundering scandal that has now resulted in it losing client Unity Technologies, a video game startup that is valued...

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Estonia Shelves Plans For National Cryptocurrency
Estonia Shelves Plans For National Cryptocurrency
June 01, 2018  |  Cryptocurrency

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of...

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Estonia Sees $13B In Money Laundering Over Four Years
Estonia Sees $13B In Money Laundering Over Four Years
May 25, 2018  |  Cross-border Payments

After reports of money laundering caused lenders in Estonia and Latvia to close, police said on Friday (May 25) that more than $13 billion (or...

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Is The Putin Family Using An Estonian Bank For Money Laundering?
Is The Putin Family Using An Estonian Bank For Money Laundering?
February 28, 2018  |  Cybersecurity

Reports out this morning indicated that a whistleblower inside Denmark’s biggest bank warned the institution that its Estonian branch was being used by members of...

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EU Finance Ministers To Meet To Find Ways To Lure FinTechs
EU Finance Ministers To Meet To Find Ways To Lure FinTechs
September 12, 2017  |  Cross-border Payments

European Union (EU) finance ministers are gearing up to hold talks next week centered on finding ways to lure more FinTech companies their way, reported Reuters. Get...

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Estonia Gearing Up To Launch Its Own Cryptocurrency
Estonia Gearing Up To Launch Its Own Cryptocurrency
August 24, 2017  |  Payment Methods

Estonia is gearing up to launch its own virtual currency and turning to Vitalik Buterin, the founder of cryptocurrency Ethereum. Get the Full Story Complete...

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