18

Jun

Swedbank fires CEO and financial director of Estonian operations following money laundering allegations

Swedbank has ousted the chief executive and finance director of its Estonian operations as part of its internal investigation into extensive money laundering allegations against Sweden’s oldest bank in the…

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10

Apr

ECB looking into Swedbank’s Estonian operations

The European Central Bank (ECB) is looking into Swedbank's Estonian operations, Swedish daily Dagens Nyheter reported on Wednesday, citing an undisclosed source. Sweden is not part of the eurozone but…

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06

Apr

Entrapment – The Russian shadow over banking’s Nordic noir and money-laundering scandals – FT

When Nordic banks started to flood into the Baltic countries at the turn of the century, it seemed a golden opportunity to establish a lucrative new business in a hyper-competitive…

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05

Apr

Swedbank Chairman resigns over money laundering scandal

Lars Idermark, resigned as Swedbank Chairman, just a week after the bank’s chief executive was ousted over her handling of a money laundering scandal. In his resignation letter, Idermark said…

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01

Apr

No probe into Swedbank over Browder complaint

  The Swedish Economic Crime Authority said on Monday it had decided against opening a probe into Swedbank in relation to a criminal complaint over money laundering allegations brought by…

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27

Mar

Swedish police raid Swedbank on suspicion of laundering illicit money from Russia

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…

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23

Mar

Swedbank lambasted by Swedish Minister

Per Bolund, Sweden’s financial market minister, criticised Swedbank after the bank released a short and highly redacted report into a money laundering scandal. See full report here Bolund’s comments to…

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15

Mar

Internal 2018 Swedbank report shows billions in ‘suspicious’ Baltic transfers

Swedish state television SVT reported that in September,  an internal Swedbank report showed that between 2007-2015 some $10 billion of transactions between suspicious customers of Swedbank and Danske Bank in…

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22

Feb

Corporate Dispatch Morning Briefing – Friday

Good morning, These are the main headlines from Malta's newspaper front pages. The property rental rates registered an increase of 175% in the past five years. L-Orizzont reports that the increase in…

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22

Feb

Swedish finance watchdog announces investigation into Swedbank’s alleged involvement in laundering case linked to Danske Bank

Sweden's finance watchdog has announced an investigation into Swedbank over allegations that the lender may have been used for money laundering of billions of kronor, on the same day that…

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