19th November 2019
Estonia’s Financial Supervision and Resolution Authority said on Monday it was dropping an investigation into Swedbank’s (SWEDa.ST) Estonia unit as the probe was now a criminal proceeding being handled by the country’s prosecutor. “The Financial Supervision Authority launched a sanction proceeding on October 28 to investigate the signs… Read More
18th November 2019
Investigations into money laundering at Danske Bank A/S should be expanded to include the lender’s possible use of gold as a way to help clients in Estonia hide their fortunes, according to Danish lawmakers. “Danske Bank has some explaining to do,” Torsten Schack Pedersen, a Liberal Party member on… Read More
15th November 2019
Russia’s security services moved money through Estonia to finance operations overseas, the Baltic country’s finance minister, who is leading a clean up after a money laundering scandal, told Reuters. Martin Helme said that Estonian authorities are also investigating whether individuals under U.S. sanctions benefited from the movement of money through… Read More
12th November 2019
At the height of the Danske Bank A/S dirty-money scandal, the lender started offering gold bars to wealthy clients to help them keep their fortunes hidden, according to documents seen by Bloomberg. The bank’s Estonian branch, which was already wiring billions of client dollars to offshore accounts, told a select… Read More
11th November 2019
The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money laundering at financial firms, after a series of scandals at the bloc’s banks. In a joint statement, Germany, France, Italy, Spain, the Netherlands and Latvia… Read More
5th November 2019
Financial watchdogs in the USA, Sweden and Estonia have initiated a wide-ranging investigation into the operations of Swedbank, the largest financial institution in the Baltic states, reported LTV’s De Facto investigative show November 3. Investigations involve examining several suspicious transactions over a period of several years. However, Latvian regulators have no plans on… Read More
30th October 2019
Swedbank AB faces an increased risk of fines amid allegations its Baltic operations may have handled more than $100 billion in potentially suspicious funds, the lender’s regulator said. Sweden’s financial watchdog gave its strongest indication yet that there’s evidence of serious wrongdoing at Sweden’s oldest bank and biggest mortgage lender. Read More
28th October 2019
Estonia’s far-right finance minister has been criticized by lawmakers for holding up financial reforms promised after the Baltic state became the focus of Europe’s biggest money laundering scandal. Danske Bank (DANSKE.CO), Denmark’s biggest bank, is under investigation over suspicious payments totaling 200 billion euros ($220 billion) which were… Read More
23rd October 2019
The U.S. is putting pressure on Estonia to make sure criminal investigations into money laundering at Danske Bank A/S result in convictions, according to the government in Tallinn. Martin Helme, Estonian finance minister, says meetings he held in the U.S. earlier this month made clear to him that the government… Read More
22nd October 2019
A group of 64 institutional investors has joined an existing U.S. lawsuit against Danske Bank over a $200 billion money laundering scandal, the law firms behind the action said in a statement on Monday. Danske Bank is under investigation in several countries including the United States over 200 billion euros… Read More