STOCKHOLM (Reuters) – Swedbank’s Estonian offices have been searched this week as part of the joint investigation by the Baltic and Swedish financial watchdogs, Estonian authorities said on Tuesday.
“We have started on site inspections this week. This is part of the investigation initiated by Sweden,” Estonian Financial Supervision and Resolution Authority spokeswoman Livia Vosman said.
Swedbank is embroiled in a fast-growing money laundering scandal involving Danske Bank, which revealed last year that its Estonian branch was used to move 230 billion euros (197.46 billion pounds) of suspicious payments between 2007 and 2015.
(Reporting by Tarmo Virki; Editing by Simon Johnson)