Estonian FSA says found signs of criminal offense in Swedbank AML inspection

This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXMPEDAF0IH_M.jpg
© Reuters. Estonian FSA says found signs of criminal offense in Swedbank AML inspection© Reuters. Estonian FSA says found signs of criminal offense in Swedbank AML inspection

TALLINN (Reuters) – Estonia’s Financial Supervision and Resolution Authority (Finantsinspektsioon) said on Monday it had found signs of a criminal offense at Swedbank’s Estonia unit during its anti-money laundering inspection.

“As the inspection revealed signs of a criminal offense, Finantsinspektsioon decided to abandon sanction proceedings in favor of criminal proceedings,” it said in a statement.

On Oct 29, Estonia’s financial regulator said it had decided to open a sanctions process with regard to Swedbank Estonia.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment