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Swedish economic crime body received allegation that Nordea broke money-laundering rules

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Staff Writer | October 17, 2018
Sweden's Economic Crime Authority said on Tuesday it had received documents from Hermitage Capital Management purporting to show that Nordic bank Nordea had breached its responsibilities under anti-money laundering laws.
Nordea
Europe   Nordic banking group Nordea said on Tuesday it was aware of an allegation
"We have received documents from Hermitage regarding money-laundering and we're evaluating which authority should handle this," a spokesman for the body told Reuters.

He said a formal investigation had not been opened yet.

Nordic banking group Nordea said on Tuesday it was aware of an allegation by Hermitage Capital Management that it had breached anti money-laundering regulations and said that it reported all suspicious transactions to authorities.

"We are aware of the report, and at Nordea we work closely with the relevant authorities in the countries in which we operate, including the Nordic Financial Intelligence Units," Nordea said in an emailed statement to Reuters.

"In any cases where we deem it to be suspicious transactions, we report it to the authorities for them to take forward.

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