Estonia Says Swedbank Made Choices That Enabled Money Laundering

The finance minister of Estonia has blamed Swedbank ABfor making “conscious decisions and choices” that “enabled money laundering.”

In a meeting last week with Swedbank’s chairman, Goran Persson, Finance Minister Martin Helme said he stressed how important it is that the Swedish lender conduct itself honestly, given its systemic role across the Baltic region. A summary of the conversation was sent in a statement to Bloomberg on Thursday.

The meeting, which came after Swedbank fired three Estonian executives as it awaits the outcome of laundering investigations, shows how keen Estonia is to ensure the biggest bank operating in ...