Estonia investigates alleged Swedbank link to money laundering scandal
21 Feb 2019

Estonia is investigating allegations linking Swedbank to suspicious transactions in the country involving Danske Bank, Estonia’s state prosecutor said on Wednesday.

Danske is being investigated in its home market of Denmark, Estonia, Britain, France and the United States over some 200 billion euros (174 billion pounds) in payments from Russia, ex-Soviet states and elsewhere that were found to have flowed through its Estonian branch.

A Swedish television programme said it had uncovered documents indicating at least 40 billion Swedish crowns (3 billion pounds) had been transferred between accounts at Swedbank and Danske in the Baltics between 2007 and 2015.

By Johan Ahlander, Simon Johnson, Reuters, 20 February 2019.

Link to Reuters

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