New update on Estonian prosecutor’s investigation into Swedbank AS
Swedbank AS in Estonia has been informed by the special investigator of white-collar crime at the Estonian Central Criminal Police that Swedbank AS is suspected of money laundering during the period 2014-2016.The criminal investigation originates from the work of the Estonian Financial Supervisory Authority (EFSA) that investigated Swedbank AS during 2019. The EFSA investigation was concluded with a report and a precept in March 2020, regarding shortcomings in the anti-money laundering work of Swedbank Estonia AS. As previously announced in Swedbank AB’s interim reports, the EFSA also