Financial watchdog to look into transactions worth USD 4.8 million through Swedbank that might have violated sanctions

  • 2020-03-12
  • LETA/TBT Staff
RIGA - The Financial and Capital Market Commission (FCMC) will look into the report by Clifford Chance legal office on  transactions amounting to approximately USD 4.8 million (EUR 4.2 million) in total through Swedbank's Baltic branches that might constitute potential sanction violations, LETA learned from FCMC. "FCMC has contacted Swedbank and Clifford Chance to assess conclusions of the report in detail and decide on further steps. At the same time, FCMC is closely cooperating with the Swedish and Baltic watchdogs," the commission said. ...
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