This morning Swedbank published the external, initial inquiry into the bank’s suspected money laundering in the Baltic region. Many of the details in the report, which was made public at 7 am this morning, are redacted. DN writes that neither the conclusions of Swedbank nor the investigators are apparent, but according to the bank, they will now launch a more in-depth inquiry.
Swedbank’s board published a statement regarding the position of CEO Birgitte Bonnesen: “After having seen the status report from FRA, Swedbank’s board confirms it continues to have faith in its CEO and her ability to lead and drive the bank’s efforts against money laundering.”
Birgitte Bonnesen has decided to create a specialised unit within Swedbank to counteract financial crime, which will be called Financial Crime Intelligence.
SvD reports that Avanza’s savings economist Johanna Kull calls the report a “rush job” and it is difficult to analyse it as much is redacted. She comments, “You could question the value of the report considering that, according to SVT, they have already an internal report in which suspicions of money laundering are presented.” (DN online, SvD online)
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