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Swedish exchange Loomis may be involved in the Russian Laundromat

After several condemnations produced in Denmark in 2016, now the Swedish money exchange Loomis AB has started an internal investigation as media reports link the entity with the Russian Laundromat scandal.

The Danish network TV2 reported links between Loomis and the laundering of millions of Euros via Danske Bank and other European financial intuitions on behalf of Russian criminals.

After the reports made by media outlets, share value dropped 8.7%. Nonetheless Loomis CEO Patrik Andersson told media that no evidence was provided by journalist and that as far as he is aware, there is nothing more than rumors there.

Loomis reported to have hired an independent investigations firm to conduct the internal analysis and that so far no contact with regulators has been initiated.

Source

https://www.reuters.com/article/us-europe-moneylaundering-loomis/swedens-loomis-investigating-money-laundering-allegations-idUSKCN1SF1IK

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Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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