February 21, 2019 / 10:06 AM / 4 months ago

Report of money laundering at Swedbank "very serious", says FI

STOCKHOLM, Feb 21 (Reuters) - The Swedish financial authority FI said on Thursday the allegations made in a media report linking Swedbank to a regional money laundering scandal involving Danske Bank were “very serious” and would be included in its ongoing supervisory activities.

“The disclosures are very serious and will be included in FI’s ongoing and future supervision activities,” FI’s Director Erik Thedeen said in a statement on Thursday.

“They will also be discussed with the supervisory authorities in the three Baltic countries in the near future.”

Danske is being investigated in five countries over some 200 billion euros ($226 billion) of suspicious payments from Russia, ex-Soviet states and elsewhere that were found to have flowed through its Estonian branch.

Swedish TV said on Wednesday that documents showed at least 40 billion Swedish crowns ($4.30 billion) had been transferred between accounts at Swedbank and Danske in the Baltics between 2007 and 2015, prompting Estonia to investigate the allegations. (Reporting by Esha Vaish in Stockholm; editing by Niklas Pollard)

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