HELSINKI (Reuters) – Nordea (NDAFI.HE) posted a larger than expected drop in third-quarter profit on Wednesday, citing pressure on margins, as the company hit back at allegations of lax controls, saying it had spent years beefing up anti-money laundering resources.
On Monday, American-born businessman Bill Browder widened a criminal complaint against the bank for facilitating suspicious money transfers worth $400 million out of the Baltics between 2007 and 2013.
Nordea is the second Nordic bank to face such allegations, after Danske Bank (DANSKE.CO) came under investigation for suspicious payments totaling 200 billion euros ($234 billion) from 2007 onwards through its Estonian branch.
Chief executive Casper von Koskull said he could not comment on individual cases but that the bank has invested heavily in financial crime prevention in recent years.
“We have very close, very good cooperation with all authorities related to this,” he