Brit boss at top of money laundering lender: Danish bank handled £175bn of suspicious cash

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Brit boss at top of money laundering lender: Danish bank handled £175bn of suspicious cash through Estonia

City & Finance Reporter for the Daily Mail

Crisis: Carol Sergeant is vice-chairman and head of the risk committee at Danske

Crisis: Carol Sergeant is vice-chairman and head of the risk committee at Danske

Crisis: Carol Sergeant is vice-chairman and head of the risk committee at Danske

A top British financier is at the heart of the massive money laundering scandal engulfing Danske Bank.

Carol Sergeant is vice-chairman and head of the risk committee at Danske, which is facing a crisis after handling £175billion of suspicious cash through its Estonian branch in Tallinn.

The Danish lender is now facing a probe by the US Department of Justice over claims that it handled huge amounts of dirty Russian money.

Sergeant, a former chief risk officer at Lloyds from 2004-11, who also had a distinguished career with regulators, has been on the board of Danske since 2013.

There is no suggestion that Sergeant has personally done anything wrong.

Before Lloyds, she had served on the board of the Financial Services Authority and was once considered to be a candidate to run the watchdog.

The 66-year-old was also head of supervision for major lenders at the Bank of England.

 

 

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