Sweden: Swedbank Offices Raided for Money Laundering

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via DW:

What we know so far

  • Swedbank confirmed on Wednesday that its headquarters near Stockholm have been raided by Swedish authorities.
  • The bank is under investigation by the New York Department of Financial Services (DFS) for giving misleading information related to the Mossack Fonseca tax evasion and money laundering scandal.
  • Sweden’s Economic Crime Authority is also conducting an independent probe into whether the bank breached insider trading regulations by informing 15 of its biggest shareholders of the scandal before SVT’s report on it last month.
  • Swedbank said in a statement that “no individual or legal entity has been served suspicion of a crime.”
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