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According to Wikipedia, In July 2024, Nordea Bank was taken to court in Denmark over allegations of failing to prevent money laundering linked to Russian clients. The charges stem from transactions worth €3.8 billion, where Nordea is accused of neglecting proper oversight and ignoring red flags. Despite setting aside €95 million for potential fines, the actual penalty could be significantly higher, possibly approaching $1 billion.

Between 2011 and 2019, Björn Walhroos was chairman of the board of Nordea. According to Finnish Wikipedia:

Vuonna 2006 Danske Bank hankki Sampo Pankin Sampo-konsernilta yli 4 miljardilla eurolla. Kyseessä oli konsernijohtaja Björn Walhroosin mukaan siihen asti suurin käteiskauppa Suomessa. Yhtiö sai samalla kassaliikennettä hoitavia yksiköitä myös Virosta, Latviasta ja Liettuasta sekä edustuston Venäjältä

In English:

In 2006, Danske Bank acquired Sampo Bank from the Sampo Group for over 4 billion euros. According to group CEO Björn Wahlroos, this was the largest cash transaction in Finland up to that point. The company also gained cash management units from Estonia, Latvia, and Lithuania, as well as a representative office in Russia.

More to be researched:

1. What is the Bank of Developement or the VEB (2007 - 2018) of Russia?

2. Who is the Siim Kallas and what was / is his role in VEB and with the VEB fund money?

2.1. Siim Kallas is the father of Kaja Kallas from European Commission.

According to Duckduckgo.com AI the ECB is responsible for its actions and in terms of accountability to the European Commission and European Union.

Accoring to newspaper Ilkka-Pohjalainen from Kokkola city, the responsibility of the ECB (European Central Bank) is to supervise larger banks. Smaller banks in Finland are supervised by the local financial supervisory authority.

Why the ECB did not its supervision jobs?

3. Wikipedia tells:

In 2018, the bank also faced a criminal investigation from the United States Department of Justice into the affair that saw €200bn of non-resident money flow through its branch in Estonia, which was under the supervision of the Financial Supervisory Authority of Denmark (due to location of headquarter) and the Financial Supervisory Authority of Estonia (due to location of branch). Danish prosecutors filed four preliminary charges in November 2018.

As a consequence of the money laundering scandal Danske Bank was named as 2018's most corrupted actor by the Organized Crime and Corruption Reporting Project. A Danish woman was remanded in custody in relation to the scandal in December 2021. In December 2022, Danske Bank pled guilty and agreed to a $2 billion fine in a case from the United States Department of Justice.

4. Who was the KGB's president in Finland and who was his Red colonel who desingned the so called of banking copulation pf Koivisto's Conclave after the Soviet Union collapsed in 1991?

Only Finnish - Finland's fraudulent banking crisis:

https://www.youtube.com/watch?v=D_BKieqFFk0&t=2267s

5. Who is the code name "Leo" in the circles of international white-collar crime and terrorism diplomacy, whose godfather and behind-the-scenes figure is a red colonel from the KGB/FSB, known for example from the Bilderberg Meeting?

Plus:

In the book "Oligarch - How Russia Deceived the West" by author Knut Kainz Rognerud, there are mentions of similar-scale money laundering trials executed in Germany.

6. Topdanmark to Sampo during the same money laundry period after the 2008 Financial crisis.

If insurance, Mandatum, Herlins, who and what else within the gang?

Comments?

Any extra piece of information that helps to solve a casend plus bring the criminal gang to justice? 194.111.119.63 (talk) 08:58, 13 May 2025 (UTC)[reply]

Obviously there was a tiny mistake:

according to Ilkka - Pohjalainen newspaper it is the duty and up to the board of the bank to give discharge to the management from all personal liabilities, such as the mismanagement, in terms of money laundry litigations.

However, accordingto Wikipedia when there was the bribery case of Telia, then all individuals involved transferred the liabilities to the company without a face.

According to the national broadcaster of Finland, Yle text tv in 2024, Nordea was prepered to do the same after Telia's success.

To be highlighted that Nordea announced that they had earmarked approximately 90 million euros in order to pay the coming penalty.

But according to the corporation laws it is the 1) management and 2) the chairman of the board who are - at the end - personally responsible for the criminalities done by enterprise, ergo the money laundry scheme executed by the faceless Nordea bank and Danske bank.

What is the responsibility of ECB when the supervisions failed so badly?

And especially who are those individuals responsible?

Madam Inflation, Lagarde? Kartasto (talk) 20:09, 19 May 2025 (UTC)[reply]

1. The Finnish economic publication Tekniikka & Talous reported in 2021 that Nordea announced its decision to outsource its data- and IT operations to the Indian company HCL Technologies at an event organized for its staff.

The same facts that were mentioned in a book written by Walhhroos (2019) titled "Kuinka tässä näin kävi? (How did this happen?).

2. The Finnish Wikipedia explains:

"Danske Bank has neglected its duty to monitor money laundering. When acquiring the bank from the Finnish Sampo Group, Danske Bank did not intervene in suspicious money transfers. As a result, suspicious money also ended up in Finland. Danish authorities announced in August 2018 that they were investigating Danske Bank's Estonian subsidiary for money laundering suspicions. According to the Financial Times, approximately €26 billion of Russian money passed through Danske Bank's Estonian unit in 2013.

The bank was suspected of being involved in money laundering for the Russian security service FSB and relatives of President Vladimir Putin. Due to the scandal, Danske Bank's CEO Thomas Borgen resigned in September 2018. The former head of the Estonian unit, Aivar Rehe, is suspected to have committed suicide. Danske Bank had funneled €200 billion worth of transactions through its Estonian office. The scandal affected the bank's results and customer satisfaction in Denmark and Sweden.

3. Is it possible that there were other reasons for outsourcing data and IT services to India besides purely savings and cost efficiency?

3.1. Geopolitically, India is far from Scandinavia and has been a customer of Russia's military-industrial complex for years (although in 2025, India's purchases from there have decreased).

3.2. It is claimed that the Basel III framework aimed to strengthen the regulation, supervision, and risk management of banks to enhance the stability of the financial system but failed to reach those goals due to the actions of industry participants.

It was called into question because banks operating in different countries and markets had different objectives, operating environments, and sensitive standards.

In other words, is it possible the sensitive data will be more "secured" in India than under the ECB's supervision?

Do they provide all the requested data, and is it possible that the requested data and information 'change form from the original pattern' because certain codes and algorithms allow for data manipulation nowadays?"

Just asking... 193.167.68.30 (talk) 09:34, 23 May 2025 (UTC)[reply]