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.
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