US Investigation Report Hits Swedish Major Banks

The Federal Bureau of Investigation (FBI) and the US Department of Justice are currently investigating Swedish banks SEB, Danske Bank and Swedbank over possible breaches of US anti-monet laundering regulations and fraud.

The Federal Bureau of Investigation (FBI) and the US Department of Justice are currently investigating Swedish banks SEB, Danske Bank and Swedbank over possible breaches of US anti-monet laundering regulations and fraud.

According to a Wednesday report by Swedish newspaper Dagens Industri, the government of Sweden had received requests for help from American authorities investigating a Baltic money-laundering scandal that has already led to local fines for SEB, Danske and Swedbank. The report sent the banks’ shares lower.

The report pointed out that the Swedish banks were being investigated by the Department of Justice, the FBI and federal police and a federal prosecutor in New York over possible fraud and breaches of anti-money laundering regulations.

“We have previously communicated, for instance in connection with our latest quarterly report, that U.S authorities continue to investigate Swedbank’s historic work against money-laundering and historic publication of information,” Swedbank spokeswoman Unni Jerndal said in response to the report.

SEB said it had received inquiries from American authorities but wasn’t aware of any allegations against it. 

Danske Bank spokesman Stefan Singh Kailay said “It is known that we are being investigated by authorities in Denmark, the U.S., Estonia and France, and we continue to be in close dialogue with them all.”


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