Swedbank’s Estonian Unit Actively Sought Rich Russian Clients
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The latest Nordic bank to be tainted by a Baltic money laundering scandal was actively involved in soliciting wealthy Russian clients at the height of the global financial crisis.
Swedbank AB, through its unit in Estonia, tried to recruit people to help build its international private banking unit by telling them they’d be involved in working to help “our Russian and CIS customers achieve their goals,” according to job postings at the time.