The Trader 

Market Outlook: SEB accused of years’ worth of money-laundering

The Trader

Bloomberg reports that this morning Swedish SVT television claimed that a big 3 Swedish bank (SEB) found its Baltic operations had failed to report suspicious money flows, possibly linked to Russian tax evasion. This follows similar accusations at Swedbank and Denmark’s Danske Bank. It comes days after Australia’s Westpac was accused of 23 million money-laundering breaches and Citi’s £44 million fine dished out yesterday by the Bank of England for falling short of financial information standards between 2014 and 2018.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now