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OSF: the united states will examine, break the Swedbank economic sanctions – on the background of a huge money laundering scandal

the Us authorities suspect a Swedish bank Swedbank violated the country imposed economic sanctions.

the Swedish television SVT, according to (you move to another service) the investigation of the background is about a million money transfers with a Russian weapons manufacturer Kalašnikovon made to the united states.

Kalašnikov is one of those companies, which the united states has targeted for economic sanctions.

the united states and the European union imposed anti-Russian economic sanctions after Russia invaded illegally to Ukraine the Crimean peninsula.

Even if the transferred amount of money is small compared to the earlier money-laundering revelations, can result in Swedish banks to be serious.

If the united states decided to restrict Swedbank activity in the Us, or through dollars use, can be banking activities paralyzed.

“Shocking and sad”

the investigation of the starting shot of the SVT, according to the charges, which Kalašnikovin major shareholder Iskander Makhmudov has made a weapons manufacturer, a subsidiary to the united states.

Swedish television reported relinquished their data to the Us authorities.

Swedbank ceo Jens Henriksson did not want to comment on the news in more detail. He pleaded, inter alia, the bank secrecy.

– I'm not going to tell you what I know of them, because I can't comment on our clients ' names. However, I can say that I am shocked and sad, Henriksson said SVT's interview.

the Swedish television SVT's investigative journalism programme Uppdrag granskning told in February 2019 Swedbank customers about suspicious money flows.

the Bank Baltic branch of the customers were transferred more than one hundred billion the value of money, whose origin is associated with ambiguity and in some cases economic crimes.

SVT:according to Swedbank had a so-called high-risk customers at least about a thousand. High risk means that the customer has not, for example, identified properly, the customer's source of funds is unable to certify or account holder is a tax haven company, whose ownership arrangements are unclear.

the Revelations led to the bank's ceo and chairman of the board getting fired. In June 2019, the board of directors as the new chairman was appointed former Swedish prime minister Göran Persson.

the Company's share value plummeted because of the scandal around 40%.

Read more:

the Major EU countries want to strengthen money laundering controls, demand a new strong authority decides to european accounts

Analysis: Nordic banks ' trust is put to the test money-laundering scandal because of

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