Nordic banking giant Nordea Bank is the second bank this month embroiled in a multi-million money laundering scandal. Nordea, which previously criticized Bitcoin for being ‘high risk’ due to ‘money laundering’, is alleged to have accepted 150 million euro in criminally sourced funds from Lithuanian and Estonian banks. Most of the illicit funds were sent to Nordea’s Danish operations, but branches in Sweden, Norway and Finland were also involved in the scheme.

“We are aware of the report, and at Nordea we work closely with the relevant authorities in the countries in which we operate, including the Nordic Financial Intelligence Units,” said the bank in a statement this Thursday. “In any cases where we deem it to be suspicious transactions, we report it to the authorities for them to take forward.”

According to Sweden’s national broadcaster SVT, the case is related to another laundering scheme involving Denmark’s Danske Bank. Earli…

This article appeared first on Cryptovest

Like this: Like Loading...