Tuesday, March 19, 2019

International money laundering at Swedbank - Viktor Yanukovych

A scandal implicating Sweden’s oldest bank widened dramatically last week, with revelations that the suspicious flows that the institution handled amounted to US $10.2 billion. The transactions have potential connections to alleged Danske Bank money laundering. Among those tied to alleged money laundering at Swedbank is Viktor Yanukovych, Ukraine’s disgraced former president, who used a Swedbank account to transfer millions of dollars out of his country.

His transactions include a $3.6 million transfer which Ukrainian prosecutors said was a bribe disguised as a book deal.