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Finnish TV: Nordea involved in about USD 790 mln suspicious transactions

Tuesday 5 March 2019 11:46 CET | News

Finland-based broadcaster Yle has reported that Nordea handled EUR 700 million (USD 790 million) in suspicious transactions between 2005 and 2017.

Yle is part of a group of media companies working on allegations of money laundering in the Baltics linked to Russia. They affirmed that the money originated from companies registered in tax havens, including the British Virgin Islands, Panama, or Belize.

The news regarding Nordea came as Yle cited leaked documents. However, the information did not reveal if Nordea had reported the alleged suspicious transactions to authorities. After Yle said it would air allegations of money laundering, Nordea shares fell almost 7%, but they later recovered some of the losses to close 3.9% down.


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Keywords: Nordea, Finland, suspicious transactions, fraud, banks, Yle, shares, money laundering, authorities, security, data leak
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