Senior executives of Estonian Swedbank replaced following money laundering investigation

Posted by

Chief executive and Finance Director of Swedbank in Estonia have been replaced following the internal investigation on the money laundering allegations. The bank has not disclosed reasons for the executives’ replacement, being criticized for lack of communication. Following the Danske Bank scandal, Swedbank’s internal investigation revealed involvement in substantial non-resident business, which has already been questioned by the US regulators.

The Financial Times, Richard Milne, June 17th 2019