Howard Wilkinson is a former employee of Danske Bank who confidentially raised concerns over an illegal money laundering scheme in 2013. In September of 2018, news reports on the $234 billion scandals revealed the existence of a whistleblower but not the identity. Mr. Wilkinson had wished to remain anonymous, but his name was leaked to an Estonia newspaper.
Mr. Wilkinson is represented by Stephen M. Kohn, a leading whistleblower attorney and founding partner of the Washington, D.C.-based firm Kohn, Kohn & Colapinto, and Chairman of the Board of Directors for the National Whistleblower Center.
Numerous European law enforcement agencies are now investigating what many believe may be the largest money laundering scheme in history, with billions of dollars reportedly flowing from Russia and other former Soviet states, through Estonia and to major banks such as Deutsche Bank, Bank of America, and JP Morgan.
In the U.S., the Securities and Exchange Commission, the Internal Revenue Service, and Department of Justice are investigating the scandal. According to the Wall Street Journal, the IRS has the authority to restrict the supply of U.S. dollars flowing to banks when money-laundering is suspected. This is known as a “death blow sanction” that can send a foreign bank into collapse.
“Mr. Wilkinson is an international hero,” said Stephen M. Kohn, Chairman of the National Whistleblower Center. “He risked his career and livelihood to stop a massive money-laundering operation and to hold banks accountable,” Kohn added.
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