The Modern Face of Money Laundering
How is dirty money pumped into our banks and what can be done to stop it?
The largest money laundering scandal yet uncovered has been back in the spotlight. 200 billion Euros were allegedly laundered through a tiny Estonian branch of the Danish Danske Bank between 2007 and 2015. The whistleblower who first alerted Denmark's biggest bank to the problem testified in front of the Danish parliament this week. Once upon a time, money laundering meant setting up pizzerias as fronts and building blocks of flats to rent. But things have become more sophisticated. Today's perpetrators are smurfing - investing small amounts in many small businesses, moving dirty money around with crypto currencies and setting up companies within companies within companies. Ruth Alexander and a panel of expert guests discuss how money laundering is done and the ways the authorities can take control of the problem.
(Photo: Rolled up US dollars. Credit: Getty Images)
Jonathan Benton - Former Detective Superintendent in Scotland Yard and is now director of Artemis Global Services consultancy.
Alex Cobham - Chief Executive of the Tax Justice Network an NGO.
Tom Keatinge - Director of the Centre for Financial Crime and Security Studies at Royal United Services Institute ( RUSI).
Eleni Tsingou - Associate Professor of International Political Economy at Copenhagen Business School.
Elise Bean - worked as legal counsel to Senator Carl Levin on the US Senate Homeland Security and Governmental Affairs Committee.
Erick Behar - Dean of Economy at the Central University of Colombia.
James Quarmby - Tax and Trust lawyer at Stephenson Harwood in London
Photo: Getty Images
- Fri 23 Nov 2018 09:06GMT
- Sat 24 Nov 2018 00:06GMT
- Sat 24 Nov 2018 04:06GMT