The US embassy in Sweden has asked for a meeting with watchdog Finanspektionen (FI) to discuss allegations about Swedbank’s involvement in a Baltic money laundering scandal.
FI has confirmed that it received a letter from the embassy on 27 February with a request to discuss the allegations and that a meeting is planned, though no date has been set as yet.
The Swedish and Estonian watchdogs have opened a joint investigation following broadcaster SVT’s report linking Swedbank to the Baltic money scandal involving Danske Bank, while the US Securities and Exchange Commission (SEC) and Department of Justice are currently running probes into Danske Bank.
While not wishing to make comparisons, Dagens Industri notes that Telia paid upwards of USD 1 billion in penalties in a 2017 settlement with the US authorities over charges that it paid bribes to win business in Uzbekistan.
Swedbank has declined to comment as to whether it has been contacted by the US authorities.
We are a small, but qualified team of graduates in politics, economics, English and classics dedicated to providing quality news digests in English that offer readers a first-hand look at the most important topics covered by the Swedish press. Here you will find a selection of the articles that are published in our Swedish Press Review.