STOCKHOLM - Swedbank has suspended the two top executives at its Estonian business with immediate effect, acting on an internal investigation into compliance with money-laundering rules at the bank.
Swedbank - whose group CEO and chairman departed amid the turmoil - admitted in late April to failings in combating money laundering and announced an internal inquiry to review its current and historic customer relationships through its Baltic units. “We are fully committed to the Estonian market and to all our employees, customers and other stakeholders. Estonia is one of four home markets of Swedbank.”The bank’s shares, which have lost about a third in value since the scandal broke, were down 1.5 percent at 138.55 Swedish crowns at 0735 GMT.
Actually London is capital of money laundering who should control your gang