Swedbank has been investigating serious breaches of anti - money laundering obligations involving its Estonian branch , according to an internal report seen by Swedish broadcaster SVT . The document details how the bank investigated customers suspected of being involved in money laundering despite them not providing relevant information such as corporate structure and the source of their funds . It also cites a failure to report dubious activities and allegations . Swedbank conducted a review of its Estonian business following similar issues at Danske ##bank ’s branch there . It is now being investigated by Swedish and Baltic regulators and yet its own analysis continues .
Swedbank has been addressing serious breaches of anti-money laundering obligations involving its Estonian branch, according to an internal report seen by Swedish broadcaster SVT. The document details how the bank accepted customers suspected of being involved in money laundering despite them not providing relevant information such as corporate structure and the source of their funds. It also cites a failure to report dubious activities and transactions. Swedbank launched a review of its Estonian business following similar issues at Danske Bank’s branch there. It is now being investigated by Swedish and Baltic regulators and said its own analysis continues.