Estonia launches separate Swedbank money laundering investigation

TALLINN (Reuters) – Estonia’s police and prosecutor have launched a separate criminal investigation of Swedbank (ST:) over alleged money laundering in 2011-2017, the state prosecutor’s office said on Tuesday.

“Based on the current information Estonia was possibly used as a transit country in a money laundering scheme,” it said in a statement.

Estonia has earlier said its investigation of Swedbank activities were part of an investigation into Danske Bank money laundering in Estonia.

Swedbank was not immediately available to comment.

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