Swedbank said on Tuesday it had hired external forensic auditors to investigate information in a media report linking the bank to a Baltic money laundering scandal, replacing recently appointed audit firm EY.
Sweden’s public broadcaster alleged last week that money laundering could have occurred in relation to at least 40 billion crowns ($4.3 bln) transferred between Baltic accounts at Swedbank and Danske Bank between 2007 and 2015.
Following the report the Swedish bank appointed EY to analyze material and conduct an external investigation into the claims.
By Anna Ringstrom and Helena Soderpalm, Reuters, 26 February 2019
Link to Reuters
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