Good News: “Bankers face prison as Denmark gets tough on money laundering”

“Danish authorities are to tighten anti-money laundering laws following the recent revelations in the so-called Panama Papers. The proposal is longer prison sentences for individuals involved in financial crimes…

The Panama Papers investigation last year uncovered that around 500 banks worldwide might have aided tax evasion by helping customers create offshore companies in tax havens…

According to the Ministry, the new law aims to raise the maximum penalty for money laundering to eight years in jail from the current six years. It also seeks to increase fines and gives the financial regulator greater scope to cancel banking licenses for repeat offenders.”

White collar crime should carry similar penalties to rape. These people steal trillions of dollars. This extremely more damaging than someone being raped. It effects the entire world.

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