Swedbank money laundering scandal draws in BlackRock, Vanguard

Jonathan Boyd
clock • 3 min read

BlackRock and Vanguard may be among the 15 biggest shareholders in Swedbank under investigation by the Swedish Economic Crime Authority (Ekobrottsmyndigeheten), following press reports that this group of investors benefitted from insider information linked to a money laundering scandal that has engulfed the financial group in the past week. Ekobrottsmyndigeheten confirmed in a press statement on 27 February that its lead prosecutor Thomas Langrot has decided to start an investigation into Swedbank on suspicion of unauthorised dissemination of insider information. This follows publicat...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.