July 1 2019
Like a vast, corruptive beast, money laundering has loomed large over Europe in recent months. Scandal after scandal has ricocheted through the continent’s financial system, embroiling both commercial and private banks, and drawing numerous CEOs into a monstrous series of allegations that will no doubt take years to fully conquer. From Danske Bank to Swedbank, Deutsche Bank to ING, it appears no institution is safe from the clutches of an overarching network of financial criminals that shifts funds of questionable origin from place to place to avoid the prying eyes of regulatory authorities.