Swedbank investigation finds 586 potential violations of US sanctions

An investigation into money-laundering at Swedbank has found 586 transactions totalling $4.8m that may constitute violations of US Ukraine/Russia sanctions. The investigation considered USD denominated transactions conducted by Swedbank subsidiaries in Estonia, Latvia and Lithuania from March 2014 to March 2019. It found that over 500 of the potential breaches were salary payments and transactions relating to a vessel whose …

RussiaRussia EstoniaEstonia LithuaniaLithuania United StatesUnited States

About Maya Lester QC

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Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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