U.S. Embassy seeks meeting with Swedish watchdog on Swedbank

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U.S. Embassy seeks meeting with Swedish watchdog on Swedbank
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The U.S. embassy in Sweden has asked the country's financial watchdog FI fo...

STOCKHOLM - The U.S. embassy in Sweden has asked the country’s financial watchdog FI for a meeting to discuss allegations about Swedbank’s involvement in a Baltic money-laundering scandal.

Swedish and Estonian financial watchdogs opened a joint investigation this month following a media report linking Swedbank to the Baltic money laundering scandal involving Danske Bank. The U.S. Securities and Exchange Commission and Department of Justice are running parallel probes into Danske over the suspicious payments.

Swedbank, the U.S. embassy in Stockholm and the SEC declined to comment, while the DoJ did not immediately respond to requests for comment.

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