Jan 14 (Reuters) – Swedbank said on Wednesday that the U.S. Department of Justice has closed its investigation into the bank without enforcement.
The investigation was initiated in 2019 and related to Swedbank’s historical anti-money laundering work, the company said.
The bank was caught up in a regional money laundering scandal originating with Danske Bank, which said in 2018 that 200 billion euros ($232.90 billion) of suspicious funds moved through its Estonia branch between 2007 and 2015.
The Department of Financial Services in New York investigation is still ongoing, Swedbank said.
Swedbank also said it cannot at this time assess the potential financial impact or when the investigation will be concluded.
(Reporting by Fabiola Arámburo in Mexico City; Editing by Shailesh Kuber)
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