STOCKHOLM, March 27 (Reuters) – Swedish lender Swedbank , under pressure over allegations its Estonia operations may have been used to launder money, may have withheld information from U.S. authorities over suspicious financial transactions, Swedish Television said on Wednesday.
In an emailed comment to Reuters, Swedbank said it “cooperates fully and communicates clearly, correctly and with the best intentions with all relevant authorities”.
“Current legislation does not allow Swedbank to comment on the existence or contents of any confidential potential communication with the New York State Department of Financial Services.”
In February, Sweden’s public broadcaster SVT reported allegations a number of clients transferred money between accounts at Swedbank and Danske Bank in Estonia, transactions that should have raised red flags related to possible money laundering.
Swedbank has repeatedly said it has confidence in its anti-money laundering procedures and that it has reported suspicious transactions to authorities where such incidences were identified. It
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