15:58 GMT +326 September 2017
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    Swedish Nordea Bank Blocks 68 Suspicious Accounts in Panama Papers Inquiry

    © AFP 2017/ JESSICA GOW / SCANPIX SWEDEN
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    Sweden's Nordea financial group said on Wednesday in a statement that it has blocked 68 accounts during its investigation into the so-called Panama Papers revelations on the use of offshore tax havens.

    MOSCOW (Sputnik) — Soon after the April  Panama Papers revelation, Nordea initiated an investigation into the activities of the Nordea Bank S.A. in Luxembourg (NBSA), which was repeatedly mentioned in the documents.

    "NBSA has taken immediate action and blocked the accounts where suspicious indications were found. This goes for the 68 cases highlighted by Group Compliance," the press release reads.

    It was noted in the press release that the suspicious accounts were being investigated and if the inquiry revealed that customers did not comply with the relevant rules concerning declaration and taxation, their accounts would be closed.

    In April, the German newspaper Sueddeutsche Zeitung exposed the alleged involvement of wealthy and influential people, including a number of former and current state leaders, in offshore schemes by publishing materials it claimed came from Mossack Fonseca, a Panama-based law firm specializing in offshore companies.

    Mossack Fonseca did not validate the information contained in the leaks but accused reporters of gaining unauthorized access to some of its proprietary information.

    In April, the Swedish Dagens Industri financial daily reported that Nordea is mentioned in the leaked documents some 10,000 times.

    Topic:
    #PanamaPapers: Biggest Ever Offshore Leaks (93)

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    data leaks, offshore, Panama papers, Nordea Bank, Sweden
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