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A former Danske Bank executive at the center of a €200 billion ($220 billion) money-laundering scandal in Estonia was found dead in his backyard in an apparent suicide, according to Eesti Rahvusringhääling (ERR).
Danske Bank, currently at the centre of a $240bn Russian money laundering scandal, laundered money for the Ukrainian arms mafia’s sanctions-busting activities in North Korea and Iran as early as 2009, bne IntelliNews can reveal
Even after the 2009 ‘SP Trading’ fiasco, Danske Bank continued its relationship to Ukrainian arms traders. It processed hundreds of millions of euros of government funds diverted from the tiny oil-rich West African country of Equatorial Guinea 2010-2014, according to Private Eye and Kyiv Post. Equatorial Guinea paid the money to Ukrainian arms traders incorporated as a UK shell firm.
As avid Zero Hedge readers are probably aware, a wave of money laundering scandals has swept across the European banking sector over the past two years, exposing gaping holes in both individual banks' compliance schemes and the EU-wide regulatory framework which, according to critics, is routinely exploited by criminals from the former Soviet Union and...possibly even certain heads of state.
And the latest bank to be swept up in the controversy is perennially troubled Dutch lender ABN Amro, which is still majority-owned by the Dutch state after being bailed out during the financial crisis. Bloomberg reports that the Dutch lender has disclosed a criminal probe into alleged AML and KYC failures. Specifically, the bank is being investigated for possible violations of a Dutch anti-money laundering and terrorist-financing law.
originally posted by: CanadianMason
a reply to: Justoneman
I was raised to unquestionably accept the word of the Pope as the word of God.
Financial and precious metals expert Egon von Greyerz (EvG) says the signs abound that we are nearing the end of this global fiat money experiment while central bankers are befuddled
"They don’t know what to do anymore. They are just starting to print money and with the euro on a daily basis...
They know the banking system is absolutely on the verge of collapse.
This is why the whole system is on the verge of disappearing into a black hole... With the U.S., there is massive liquidity pressure there too.”
EvG predicts, “All of these bubble assets that are based on just credit and credit expansion are going to implode measured in real terms, measured in gold."
"I expect the stock market and the property market to lose at least 95% or more in real terms. . . . The next up cycle for gold (and silver) has started. The next phase of this market has started, and it is going to go on for a long, long time. It is going to go to levels that will be hard to believe today. . . .The world cannot have solid growth until this debt has imploded . . . the transition will be terrible, but I don’t see any other solution to this...
originally posted by: RelSciHistItSufi
a reply to: onehuman
Or is the carrier being used for trafficking drugs, people, blood? We've covered some military being involved before...
as, as we warned, and as the NY Fed today confirmed, the sudden heart attack in the critical, overnight funding market has turned out to be anything but a one-time event. First, as we saw first thing this morning, the latest repo overnight repo operation was the most oversubscribed yet, with $91.95BN in securities tendered for $75BN in reserves, the most yet since the Fed resumed these "unclogging" operations after a decade plus hiatus.
However, the big surprise came later on Wednesday morning, when in an "unexpected" move, the Federal Reserve expanded the size of its two dollar funding operations, the overnight and term repo, from $75BN to $100Bn, and from $30Bn to $60BN heading into quarter-end, effectively injecting up to $250 billion in funding ($30BN in already concluded term repo as well as two $60BN term repos yet to come, together with the $100BN overnight repo, assuming full allottment on all operations, for a grand total of $250BN).
Indeed it is, and unfortunately neither the Fed nor apparently anyone else, still has a clue what is going on.
originally posted by: SilentWindofDoom
Wondering if anyone has some insight. The top number of Q posts have been bugging me. 3570 is a very familiar number to me. It's like a word on the tip of my tongue that I just can't grab. I don't know if it has something to do with physics, astronomy or maybe even the Bible. It's an itch I can't scratch.
originally posted by: carewemust
a reply to: queenofswords
Select Dems and Repubs saw the Whistleblower complaint this evening. According to the Democrats, it is "nothing short of explosive".
Did the Republicans who saw it, say anything? The MSM is almost totally ignoring all Republicans today.