Swedbank report showed $10 billion ‘suspicious’ Baltic payments: Swedish TV
18 Mar 2019

An internal Swedbank report in September detailed “suspicious” transactions totaling around $10 billion between customers of Swedbank and Danske Bank in the Baltics from 2007 to 2015, Swedish state television SVT reported.

Swedbank said on Friday the figure reported by SVT was the gross amount of transactions with Denmark’s Danske Bank identified in its initial review and it had acted on any suspicious activity, including reporting customers to police.

SVT said the report, which Reuters has not seen, showed a large number of suspicious clients had moved 3.2 billion euros ($3.6 billion) and $6.7 billion between the two banks, more than double the number SVT had previously identified.

By Esha Vaish and Johannes Hellstrom, Reuters, 15 March 2019

Link to Reuters

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