Estonia launches separate Swedbank money laundering investigation
Reuters
Published Oct 29, 2019 11:26AM ET
Estonia launches separate Swedbank money laundering investigation
TALLINN (Reuters) - Estonia's police and prosecutor have launched a separate criminal investigation of Swedbank (ST:SWEDa) over alleged money laundering in 2011-2017, the state prosecutor's office said on Tuesday.
"Based on the current information Estonia was possibly used as a transit country in a money laundering scheme," it said in a statement.
Estonia has earlier said its investigation of Swedbank activities were part of an investigation into Danske Bank money laundering in Estonia.
Swedbank was not immediately available to comment.
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Written By: Reuters
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