In wake of money laundering scandal, Swedbank creates financial crime unit


Swedbank has put its head of Group IT, Anders Ekedahl, in charge of a new dedicated anti-financial crime (AFC) unit set up in response to a money laundering scandal being probed by regulators.

The bank is being investigated in the US, Sweden and Baltics over claims that billions of dollars of risky money, mainly from Russia, have flowed through its accounts.