Swedish police on Wednesday raided the headquarters of Swedbank, the latest Scandinavian banking giant to come under suspicion of laundering billions of dollars in illicit funds from Russia.
WSJ reports that the unfolding scandal comes six months after Danske Bank said its tiny Estonia branch had moved more than $230 billion from Russia and other former Soviet states.
The raid is part of a probe into whether Swedbank informed 15 of its largest shareholders of a broadcast about money laundering allegations at its Estonian operations before it was aired last month, according to a spokesman for the Swedish prosecutors’ office.
Via WSJ
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