Swedbank Estonia Executives Are Fired Amid Laundering Probe
- Danske’s branch enters liquidation as bank exits Estonia
- U.S. authorities are investigating Nordic banks for laundering
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Three top executives at the Estonian branch of Swedbank AB, including a one-time candidate for central bank governor, have been fired amid an ongoing investigation into a vast money-laundering scandal.
The news came not long after police in Estonia confirmed that the former chief executive officer of the local branch of Danske Bank A/S had committed suicide, as criminal probes into the Danish lender’s involvement in a $220 billion dirty-money affair continue. Swedbank is being investigated for its possible involvement in the Danske saga.