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Denmark

Foreign investors planning lawsuit against Danske Bank

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A group of foreign investors are planning to sue Danske Bank to obtain compensation for losses sustained due to the bank’s shares taking a pounding on the stock market as a result of the money-laundering scandal. It has not been revealed who the investors are or what the sums involved are, reports Berlingske. “It seems obvious to us that there ... Read More »

Taxing the rich more than anywhere else in the EU

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The income tax and taxes related to wealth paid by Danes account for 29.7 percent of the country’s GDP, according to Eurostat figures for 2017. The proportion is quite easily the highest in the EU, ahead of Sweden (18.9), Belgium (16.9) and Finland (16.6). However, the disparity can be partly explained by the Danes paying the lowest proportion of net ... Read More »

Foreign investors planning lawsuit against Danske Bank

danske-bank-building

A group of foreign investors are planning to sue Danske Bank to obtain compensation for losses sustained due to the bank’s shares taking a pounding on the stock market as a result of the money-laundering scandal. It has not been revealed who the investors are or what the sums involved are, reports Berlingske. “It seems obvious to us that there ... Read More »

Denmark to consider curbs on convicted investors after tax fraud

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COPENHAGEN: Denmark will consider new rules to restrict ownership of the country’s companies by investors involved in wrongdoing, a government minister said on Wednesday, responding to lawmakers’ questions about a tax fraud involving international banks. Business Minister Rasmus Jarlov made the remarks at a parliamentary hearing on the government’s response to a stock trading scam which Danish authorities say tricked ... Read More »

Danske Bank’s choice of CEO blocked by Danish regulator

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Danske Bank, which is reeling from a €200bn ((£176bn) money-laundering scandal, was dealt another humiliating blow on Wednesday when the Danish financial regulator blocked its candidate to become chief executive. The Danish Financial Supervisory Authority (FSA) intervened to stop the appointment of Jacob Aarup-Andersen, warning that the internal candidate did not have enough experience to lead the country’s biggest lender, ... Read More »

Denmark to revamp financial watchdog in wake of Danske Bank scandal: minister

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COPENHAGEN: Denmark plans to strengthen its financial regulator to make it better able to fight money laundering, its business minister said on Thursday, as the country’s largest bank, Danske Bank (DANSKE.CO), is embroiled in a major scandal. The scandal involves 200 billion euros ($230 billion) in payments through Danske’s Estonian branch between 2007 and 2015, many of which the bank ... Read More »

Danske Bank’s choice of CEO blocked by Danish regulator

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Danske Bank, which is reeling from a €200bn ((£176bn) money-laundering scandal, was dealt another humiliating blow on Wednesday when the Danish financial regulator blocked its candidate to become chief executive. The Danish Financial Supervisory Authority (FSA) intervened to stop the appointment of Jacob Aarup-Andersen, warning that the internal candidate did not have enough experience to lead the country’s biggest lender, ... Read More »

Denmark police arrest 12 connected to cannabis smuggling network

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12 people have been arrested in connection with the investigation of a criminal network which police believe to be responsible for widespread organised smuggling and sale of cannabis. The arrested individuals are between 32 and 49 years of age, Copenhagen Police confirmed in a press statement. The arrests took police during coordinated police raids. “This is a network that has ... Read More »

Class A drugs smuggled to Denmark via snail mail: court

PostNord går ind i ny fremtid med nyt stort underskud PostNord fik et underskud på 224 millioner svenske kroner i tredje kvartal. Redningsplan og svensk postlov mindsker usikkerhed om fremtiden, lyder det.se RB kl. 13.12 den 27.10.2017. arkivfoto: RB, 27-09-2017, kl. 19.20 (opdat. 19.36) Svensk minister er åben for opsplitning af PostNord Sveriges erhvervsminister, Mikael Damberg, afviser ikke, at det dansk-svenske postsamarbejde kan ophøre. PostNord stopper uddelingen af post i Vollsmose - - - - ARKIVFOTO. PostNord Danmark har driftsunderskud på mere end 200 millioner svenske kroner i første kvartal. (se Ritzau historie 280929) RB PLUS Gigantlagre skal redde nødlidende PostNord- - ARKIVFOTO 2016 af Postnord-bil- - Se RB 7/4 2017 09.15. Gigantlagre skal redde nødlidende PostNord. PostNord Danmark vil håndtere kæmpelagre for andre firmaer for at overleve. Konkurrenter som DTL Danske Vognmænd er bekymrede for unfair konkurrence fra staten.. (Foto: Henning Bagger/Scanpix 2017)

Smugglers use various methods to bring illegal substances to Denmark – including the country’s post system, according to a report from a preliminary court hearing. That may sound like an opportunity to make a wisecrack about the efficiency of the postal service, but the issue has resulted in an extensive investigation on Funen, Ritzau reports. Police on Funen are investigating ... Read More »

Two arrested in Denmark for attempting to smuggle drones to Isis

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COPENHAGEN: Two people were arrested in Copenhagen on Wednesday and charged with attempting to supply Islamic State with drones, which the organization has used to carry out attacks, police said. The two were arrested after police and Danish security and intelligence services carried out raids in Copenhagen, the police said in a statement. The two persons are suspected of being ... Read More »

Danish bank CEO quits amid money laundering scandal

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COPENHAGEN, Denmark: The chief executive of Denmark’s largest bank resigned Wednesday as an internal report into allegations of massive money laundering via its Estonian branch showed that “the vast majority” of transactions “have been found to be suspicious.” Danske Bank commissioned the probe last year after reports of dirty money flowing through its Baltic subsidiary including from family members of ... Read More »

Denmark: Man charged in record drug smuggling case

COPENHAGEN, Denmark (AP) — Danish police say a 43-year-old man has been charged with illegally smuggling 1.3 tons (1.4 short tons) of amphetamine and about 13.8 tons (15.2 short tons) of hashish into Denmark, in one of the Scandinavian country’s biggest cases. The Copenhagen police say the man, who cannot be identified under a court order, has been in pre-trial ... Read More »

Denmark: Man charged in record drug smuggling case

court adjourned - case adjournes

COPENHAGEN, Denmark: Danish police say a 43-year-old man has been charged with illegally smuggling 1.3 tons (1.4 short tons) of amphetamine and about 13.8 tons (15.2 short tons) of hashish into Denmark, in one of the Scandinavian country’s biggest cases. The Copenhagen police say the man, who cannot be identified under a court order, has been in pre-trial jail since ... Read More »

Denmark: Man charged in record drug smuggling case

DavidDavilaHearing0828

COPENHAGEN, Denmark (AP) — Danish police say a 43-year-old man has been charged with illegally smuggling 1.3 tons (1.4 short tons) of amphetamine and about 13.8 tons (15.2 short tons) of hashish into Denmark, in one of the Scandinavian country’s biggest cases. The Copenhagen police say the man, who cannot be identified under a court order, has been in pre-trial ... Read More »

Class A drugs smuggled to Denmark via snail mail: court

PostNord går ind i ny fremtid med nyt stort underskud PostNord fik et underskud på 224 millioner svenske kroner i tredje kvartal. Redningsplan og svensk postlov mindsker usikkerhed om fremtiden, lyder det.se RB kl. 13.12 den 27.10.2017. arkivfoto: RB, 27-09-2017, kl. 19.20 (opdat. 19.36) Svensk minister er åben for opsplitning af PostNord Sveriges erhvervsminister, Mikael Damberg, afviser ikke, at det dansk-svenske postsamarbejde kan ophøre. PostNord stopper uddelingen af post i Vollsmose - - - - ARKIVFOTO. PostNord Danmark har driftsunderskud på mere end 200 millioner svenske kroner i første kvartal. (se Ritzau historie 280929) RB PLUS Gigantlagre skal redde nødlidende PostNord- - ARKIVFOTO 2016 af Postnord-bil- - Se RB 7/4 2017 09.15. Gigantlagre skal redde nødlidende PostNord. PostNord Danmark vil håndtere kæmpelagre for andre firmaer for at overleve. Konkurrenter som DTL Danske Vognmænd er bekymrede for unfair konkurrence fra staten.. (Foto: Henning Bagger/Scanpix 2017)

Smugglers use various methods to bring illegal substances to Denmark – including the country’s post system, according to a report from a preliminary court hearing. That may sound like an opportunity to make a wisecrack about the efficiency of the postal service, but the issue has resulted in an extensive investigation on Funen, Ritzau reports. Police on Funen are investigating ... Read More »

Sweden arrests record number of drugs smugglers

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Large seizures of narcotics have been made from a record number of smugglers, with 58 individuals currently facing police charges, according to a report. The high volume of seizures has customs offers working harder than ever, reports newspaper Sydsvenskan. Major gateways for smuggling into Sweden include Malmö via the Öresund Bridge and ferries from Helsingborg in Denmark. Smuggling also takes ... Read More »

Danish smugglers arrested in Norway with over 100 kilograms of cannabis

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Two Danes have been arrested in a major narcotics case in Norway, with a large quantity of cannabis seized by police. A further three people have been detained by Norwegian police and were scheduled to appear for preliminary court hearings on Friday, newspaper VG reports. “We have arrested two Danes and charged them with transporting a large amount of cannabis ... Read More »

Class A drugs smuggled to Denmark via snail mail: court

PostNord går ind i ny fremtid med nyt stort underskud PostNord fik et underskud på 224 millioner svenske kroner i tredje kvartal. Redningsplan og svensk postlov mindsker usikkerhed om fremtiden, lyder det.se RB kl. 13.12 den 27.10.2017. arkivfoto: RB, 27-09-2017, kl. 19.20 (opdat. 19.36) Svensk minister er åben for opsplitning af PostNord Sveriges erhvervsminister, Mikael Damberg, afviser ikke, at det dansk-svenske postsamarbejde kan ophøre. PostNord stopper uddelingen af post i Vollsmose - - - - ARKIVFOTO. PostNord Danmark har driftsunderskud på mere end 200 millioner svenske kroner i første kvartal. (se Ritzau historie 280929) RB PLUS Gigantlagre skal redde nødlidende PostNord- - ARKIVFOTO 2016 af Postnord-bil- - Se RB 7/4 2017 09.15. Gigantlagre skal redde nødlidende PostNord. PostNord Danmark vil håndtere kæmpelagre for andre firmaer for at overleve. Konkurrenter som DTL Danske Vognmænd er bekymrede for unfair konkurrence fra staten.. (Foto: Henning Bagger/Scanpix 2017)

Smugglers use various methods to bring illegal substances to Denmark – including the country’s post system, according to a report from a preliminary court hearing. That may sound like an opportunity to make a wisecrack about the efficiency of the postal service, but the issue has resulted in an extensive investigation on Funen, Ritzau reports. Police on Funen are investigating ... Read More »

Danish smugglers arrested in Norway with over 100 kilograms of cannabis

d36cf13115d494f643372b3d3228a95805cf944f231b2bfa0960f435c89dbb46

Two Danes have been arrested in a major narcotics case in Norway, with a large quantity of cannabis seized by police. A further three people have been detained by Norwegian police and were scheduled to appear for preliminary court hearings. newspaper VG reports. “We have arrested two Danes and charged them with transporting a large amount of cannabis into Norway. ... Read More »

Denmark Pledges To Lower Tax Burden More

jersey-review

The Danish tax burden will continue its downtrend trend in the coming years, Danish Tax Minister Karsten Lauritzen has said. His comments came ahead of the release of the Government’s Tax Economics Report 2018, due to be published in mid-June. He pointed out that Denmark’s overall tax burden fell from 47 percent of GDP in 2013 to 45 percent last ... Read More »