April 2, 2019 / 1:59 PM / 5 months ago

Swedbank says will fully co-operate with Estonian FSA

TALLINN (Reuters) - The Estonian financial watchdog’s inspection at the country’s Swedbank branch had been previously agreed upon , a spokeswoman for the bank said on Tuesday.

“The FSA in Estonia has been begun an inspection, it was previously agreed upon. Swedbank will co-operate fully,” a Swedbank Estonia spokeswoman said.

She said the inspection was ongoing but that it would have no impact on the bank’s daily operations.

Swedbank is embroiled in a fast-growing money laundering scandal involving Danske Bank, which revealed last year that its Estonian branch was used to move 230 billion euros ($258 billion) of suspicious payments between 2007 and 2015.

Reporting by Tarmo Virki, Editing by Johan Ahlander

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below