Sweden’s Swedbank (SWEDa.ST) said on Thursday that there were no ongoing investigations into its anti-money laundering procedures, a day after its shares slumped on worries about cross-border transactions by banks in Estonia.
On Thursday, Danske Bank (DANSKE.CO) said it was being investigated by the U.S. Department of Justice about non-resident accounts at its Estonian branch, the latest blow in a long-running scandal over lax money laundering controls at its local subsidiary.
“There are currently no ongoing investigations into our bank from any of our regulators concerning anti-money laundering practices,” Swedbank said in a statement.
“We have always had zero tolerance against money laundering in all markets where we operate.”
Read the original article here: reuters.com
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