Archive for April, 2019

Swedbank raided over Danske Bank scandal

Tuesday, April 2nd, 2019

Last week, Swedbank’s headquarters were raided by Sweden’s Economy Crime Authority.

The government of Sweden is investigating the bank trying to find out whether Swedbank broke insider information laws by giving its shareholders advance notice that Swedish state broadcaster SVT intended to air an investigative TV programme on money laundering featuring Swedbank on 20 February, 2019.

SVT’s Uppdrag Granskning investigative programme revealed that it had uncovered documents linking Swedbank to the Danske Bank money laundering scandal.

SVT said over 1,000 Swedbank clients in other countries were implicated, and in particular transactions made by 50 clients were unusual as they were companies that had no visible operations.