The former Trump campaign chair is said to be among those who received suspicious payments via the lender
Stockholm — Accusations of money laundering against Swedbank grew more serious on Wednesday as Sweden’s main broadcaster published a report alleging the bank misled US authorities.
Shares in the bank opened more than 5% lower in the Swedish capital, putting it at the bottom of the Bloomberg index of European financial stocks. But the Swedbank amounts requiring closer scrutiny — transactions by so-called non-resident high-risk customers in Estonia — were as high as €20bn in some years in 2010-2016. Deposed Ukrainian President Viktor Yanukovych, who’s now in hiding in Russia, is among those alleged to have used Swedbank’s services.
The bank will face shareholders on Thursday at its annual general meeting. The dirty-money case has raised serious questions as to whether the CEO, Birgitte Bonnesen, may have deliberately misled the public as to what the bank knew about potential laundering activities.
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