Swedbank has suspended the bank 's two most senior executives in Estonia , namely Robert ##sson and # Vaiko Tammevali , according to a statement . Charlotte Elsnitz , Swedbank ’s head of Baltic banking , said it was a direct consequence of the continuing investigation into alleged money laundering . In March , Swedish state prosecutors revealed Swedbank processed € 20bn ( $ 5000 ) annually between 2014 and 2016 through its Estonian business , mostly from Russian clients .
Swedbank has suspended the bank's two most senior executives in Estonia, CEO Robert Kitt and CFO Vaiko Tammevali, according to a statement. Charlotte Elsnitz, Swedbank’s head of Baltic banking, said it was a direct consequence of the continuing investigation into alleged money laundering. In March, Swedish state TV revealed Swedbank processed €20bn ($22.4bn) annually between 2010 and 2016 through its Estonian business, mostly from Russian clients.