Nov 19, 2018
A recognised leader in their field and ranked among the most influential and regtech companies, Coinfirm serves as a foundation for the safe adoption and use of blockchain.
Imagine if one bank, in one country, laundered almost ten times more than that country’s GDP. Imagine if that money came from non-residents in Russia, Ukraine, Azerbaijan, Moldova and other ex-Soviet states. It’d be one of the largest money-laundering scandals in history.
This is exactly what happened in September. Danske Bank, headquartered in Copenhagen and with over 5m customers, moved money from customers in the above countries through its Estonian branch – a staggering €200 billion between 2007 and 2015. Estonia’s GDP in 2016 was $23.14 billion, or around €20.15 billion.