Displaying items by tag: Banking & MoneyLaundering

A court in Copenhagen has sent a social worker to prison for 6 years 5 months after she was found guilty of embezzling welfare money for decades, approximately $17 million. Britta Nielsen was extradited from South Africa, where she had fled after becoming a suspect in what is considered the worst corruption scandal of its kind. The case shocked Denmark. The Nordic nation is still trying to track down billions of dollars lost through a combination of tax evasion and a botched handling of foreign claims on dividend taxes. Meanwhile, Denmark’s biggest lender, Danske Bank A/S, is at the centre of an historic money-laundering scandal.