Danske Bank

Sunny places, shady deals: financial secrecy is an inequality issue

Sunny places, shady deals: financial secrecy is an inequality issue

Danske Bank's Estonian branch was charged in what may be one of the largest ever money-laundering cases. This is at heart an inequality issue, writes Louise Russell-Prywata: financial secrecy has allowed wealthy people, aided by banks and financial advisers, to steal huge sums from underfunded public sectors.