Sweden, Estonia to jointly probe Swedbank over alleged money laundering
22 Feb 2019

Swedish and Estonian finance watchdogs have opened a joint investigation into allegations that Swedbank played a role in the Baltic money laundering involving Danske Bank, the two supervisory bodies said on Thursday.

A Wednesday Swedish TV report alleged that money laundering could have occurred in relation to at least 40 billion Swedish crowns ($4.30 billion) that had been transferred between Baltics accounts at Swedbank and Danske between 2007 and 2015.

– By Esha Vaish, 21 February 2019.

Link to Reuters

KYC360 Note: In response to the allegations. Swedbank has launched an external review of the money laundering matter, read more here

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