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DOJ closes probe into Swedbank with no enforcement action taken

Swedbank office building in Riga, Latvia
Photo: ricochet64/Getty Images

Vasilka Lalevska

<1 min read
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The investigation, initiated in 2019, focused on Swedbank´s historical anti-money-laundering practices.

Swedbank, a major Nordic-Baltic banking group, has been informed that the US Department of Justice (DOJ) has concluded a nearly seven-year-long investigation without taking any action.

The DOJ has not provided any further information on the reasons for the closure of the investigation.

“With this information, we are putting another

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