By Maya Lester QC & Michael O’Kane

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 …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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