POST Online Media Lite Edition


Nordea: We are not under money-laundering investigation. Swedbank: Neither are we

Staff Writer |
Nordea, the Nordic region's biggest bank, is not under investigation related to money laundering in the Baltics, the bank said on Thursday.

Article continues below

Danske Bank earlier on Thursday said it was being investigated by the U.S. Department of Justice about non-resident accounts at its Estonian branch, the latest blow in a long-running scandal over lax money laundering controls at its local subsidiary.

"To the best of our knowledge, Nordea is not under investigation from authorities related to money laundering in the Baltics," a Nordea spokeswoman said in an email.

Sweden's Swedbank said on Thursday that there were no ongoing investigations into its anti-money laundering procedures, a day after its shares slumped on worries about cross-border transactions by banks in Estonia.

"There are currently no ongoing investigations into our bank from any of our regulators concerning anti-money laundering practices," Swedbank said in a statement.

What to read next

Nordea Bank to continue with cross‑border mergers
UK crime agency investigating UK links to scandal-hit Danske Bank
Nordea blocks 68 accounts over tax evasion suspicions