Swedbank under investigation for facilitating transactions involving Kalashnikov

A report by Sweden’s broadcaster SVT indicates that Swedbank is currently under investigation by US authorities for potential violations of the US’ Ukraine/Russia sanctions (Executive Order (E.O.) 13661), imposed in response to Russia’s annexation of Crimea in 2014. Swedbank is said to have facilitated $1m worth of transactions from Iskander Makhudov, a Russian billionaire and shareholder of Kalashnikov Concern (one …

United StatesUnited States

About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

See profile for Michael O'Kane >