STOCKHOLM (Reuters) – Sweden’s Economic Crime Authority (EBM) widened its Swedbank investigation to include suspected fraud following a raid on Wednesday on the Swedish bank’s headquarters in an inquiry into its handling of money laundering allegations. “The information paints a picture of Swedbank appearing to have spread misleading information to the public and the market […]

Trouble at the top: why high-scoring countries aren’t corruption-free Denmark, which tops the list this year, has recently been rocked by the money-laundering scandal surrounding Danske Bank, its biggest lender, among other corruption cases. About US$230 billion of suspicious transactions are thought to have passed through Danske Bank’s Estonian branch, which has been linked to the Russian Laundromat and Azerbaijani […]

Behind Danske Bank’s money-laundering scandal was a pervasive culture of silence that flourished despite the fact that many people knew or suspected for years that the bank’s Estonian branch was laundering billions of dollars. It took a whistleblower who is a former Danske official to spark serious investigations into the tiny Estonian unit, which handled […]