During an internal investigation last year, Swedbank identified suspect transactions with Danske Bank worth almost SEK 80 billion, according to several DI sources.
When CEO Birgitte Bonnesen, a month later, presented the bank’s quarterly results she indicated that Swedbank would not be drawn into the Baltic money laundering scandal. Asked directly by DI if she could talk about the conclusions, she said the bank had been through everything and “there is nothing”.
On Friday SVT and DI revealed that the internal investigation also revealed the bank is linked to “the Russian Laundromat”, which is a money laundering set-up used to move hundreds of millions of dollars out of Russia.
On Saturday, SvD reported that the news came just before Swedbank’s CEO Birgitte Bonnesen and several other bank directors were to meet Financial Markets Minister Per Bolund. During the meeting the minister underlined the seriousness of recent reports and informed them that the rules will be tightened.
SvD contacted Birgitte Bonnesen for a comment. Swedbank’s press office instead referred the newspaper to a written message on the bank’s homepage.
“We received on average around 80 warning signals daily. We carried out in-depth analyses on the transactions. This led to around four reports per day to the Estonian financial police.”
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