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US DOJ closes investigation of Swedbank

January 14, 2026 1:01 PM EST

Swedbank logo is seen in this illustration taken December 3, 2025. REUTERS/Dado Ruvic/Illustration

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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