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Central Europe
February 22, 2019
calls to strengthen authorities such as the EBA or the European Public Prosecutor's Office in order to better handle suspicious cross-border money flows.
Meanwhile, another Nordic bank is now facing allegations of money laundering. Estonia is investigating Swedbank in connection to the money laundering scandal centering on Danske
www.intellinews.com I Page 17
Bank, the Estonian state’s public prosecutor’s office said on February 20.
The probe was launched after the Swedish television SVT said it had documents showing SEK 40bn (€3.8bn) had been transferred between Swedbank and Danske Bank in the Baltic states in 2007-2015. Swedbank lost nearly €3.2bn or 14% of its market value following the report by SVT.
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