Swedbank Laundering Case Explodes With Alleged Manafort Link

Swedish bank allegedly gave misleading information to U.S.

Bank’s headquarters in Stockholm were raided on Wednesday bloomberg.com/news/articles/…

Paul Manafort was among those to have received suspicious payments made through the Stockholm-based lender, the SVT network reported on Wednesday, amid intensifying scrutiny of Russian cash that passed through the bank’s Estonian unit.
bloomberg.com/news/articles/…

📌The bank’s headquarters were raided by Sweden’s Economic Crime Authority, as part of a probe into whether it breached insider info rules by giving its biggest shareholders advance notice of an SVT report on money laundering that was broadcast on Feb. 20.
bloomberg.com/news/articles/…

The allegations pile pressure on Sweden’s oldest bank after reports that it was used to handle more than $10 billion in potentially suspicious transactions tied to the ...

bloomberg.com/news/articles/…

Danske Bank A/S Estonian laundering case. SVT is now reporting that the sums could be much greater: Up to 20 billion euros ($23 billion) a year between 2010 and 2016.

bloomberg.com/news/articles/…

📌The most recent report is based on thousands of pages of documents that link Swedbank to the $230 billion dirty money scandal engulfing Danske Bank A/S, appears to contradict previous statements by the Swedish lender. CEO Birgitte Bonnesen
insurancejournal.com/news/internati…

The allegations point to a broader network of banks that were allegedly used by criminals in the former Soviet Union to funnel vast sums of money into the West until as recently as 2015.

📌Bill Browder, who has brought a criminal complaint against Danske
insurancejournal.com/news/internati…

📌📌Bill Browder says he’s planning to do the same with Swedbank, and says he has evidence pointing to banks in the Nordic and Baltic regions as a hub in Europe for money launderers.
insurancejournal.com/news/internati…

Swedish Money Laundering Spins a Widening Web of Intrigue

Questions are being asked about impartiality of regulators

Swedbank shareholders will air their views at AGM this week
bloomberg.com/news/articles/…

📌📌Swedbank Money Laundering Scandal Deepens with Possible Ukraine Connection #Manafort

insurancejournal.com/news/internati…

📌Viktor Yanukovych, the president of Ukraine until 2014, used an account at the Baltic unit of Swedbank AB to transfer money out of the country, Sweden’s main broadcaster, SVT, reported on Wednesday.
insurancejournal.com/news/internati…

📌Yanukovych is also among those alleged to have used Swedbank’s services. "our concern is that Swedbank’s management is losing its grip on how to handle what are now snow-balling money-laundering accusations and allegations.”
bloomberg.com/news/articles/…

📌According to SVT, Swedbank has known about the Yanukovych transfer since 2017, when Ukrainian authorities sent a request to the bank for information about that specific account.
insurancejournal.com/news/internati…

📌SVT said that in addition to the suspected 3.7 million-euro transfer, another 12.6 million euros and $5.6 million were funneled via the company that Yanukovych used in Swedbank between 2007 and 2014.
insurancejournal.com/news/internati…

Swedbank was also used by Russian oligarch Iskandar Makhmudov, who transferred at least 1.4 billion euros through a network of at least 20 accounts at Swedbank.
insurancejournal.com/news/internati…

📌📌Postimees said the transfers were made by Carbo One, which is registered in Cyprus and alleged to be linked to Makhmudov. #CarboOne #Cyprus #Makhmudov
insurancejournal.com/news/internati…

📌Carbo One was one of Swedbank Estonia’s largest corporate clients at the time of the transfers between 2007 and 2015, Postimees said. Makhmudov’s representatives, contacted by SVT, rejected any links to Carbo One and to any illicit activities.
insurancejournal.com/news/internati…

📌Swedbank raided as money laundering probe gathers pace
Swedish prosecutors plan to provide more information later once raid on lender concluded
ft.com/content/acc757…

📌📌Denmark’s biggest bank admitted in September that much of about $230 BILLION that flowed through its Estonian unit was probably suspicious in origin.

📌Danske is now being investigated by the U.S. Department of Justice and the SEC.
insurancejournal.com/news/internati…

📌Danske Bank is also being investigated by numerous prosecutors across the European Union. Its share price has slumped by about 50 percent over the past year, wiping roughly $18 billion off its market value.
insurancejournal.com/news/internati…

📌📌According to Browder, he has evidence suggesting that “a good part of the Nordic banking system has been used by Russian money launderers, and neither the regulators nor the banks did anything about it for many years.”
insurancejournal.com/news/internati…

Others seem to agree, and the European Banking Authority is now conducting a formal investigation into the financial supervisors in Denmark and Estonia.
insurancejournal.com/news/internati…

Lack of Transparency and Indications of Transborder Corruption in Investment Projects in Russia

EU-Russia Civil Society Forum
Fighting Transborder Corruption Expert Group

#Makhmudov #Bokaryov

H/T @ThomasS4217
nhc.nl/assets/uploads…

📌SVT said separately that Swedbank may have misled U.S. investigators over transactions by its customers linked to MOSSACK FONSECA, a Panamanian law firm at the center of a global tax avoidance and money laundering scandal.

H/T @ThomasS4217
cnbc.com/2019/03/27/swe….

‼️REFRESHER: The so-called Panama Papers, which consist of millions of documents stolen from Mossack Fonseca and leaked to the media in April 2016, provoked a global scandal after showing how the rich and powerful used offshore corporations to evade taxes.
theguardian.com/world/2018/mar…

📌The Panama Papers was first published in full in May, 2016, by the International Consortium of Investigative Journalists (ICIJ). The cache of 11.5 million files spanning 40 years reveals over 360,000 names linked to Mossack Fonseca.
newsweek.com/donald-trumps-…

📌The Panama Papers scandal drew in former UK Prime Minister David Cameron and Iceland Prime Minister Sigmunder Gunnlaugsson—who resigned on April 5, 2016, after it was revealed he had not disclosed his financial interests when he took office.
newsweek.com/donald-trumps-…

📌📌The earliest instance of President Donald Trump’s name appearing in the Panama Papers has been uncovered, detailing a condo sale at the Trump Palace in New York.
newsweek.com/donald-trumps-…

📌The revelations involve a Panamanian company called Process Consultans (sic), which was created as “an anonymous shell company” in 1985 to purchase the condo at Trump Palace, by people not named in the Panama Papers.

newsweek.com/donald-trumps-…

📌Process Consultans (sic), purchased a condo in the newly constructed Trump Palace in 1991, before selling it three years later in a deal brokered exclusively by Trump Corporation.

jakebernstein.net/wp-content/upl…

newsweek.com/donald-trumps-…

“In 2006, [Panamanian law firm] Mossack Fonseca contacted the Ecuadorian industrialist [suspected by Bernstein of being behind Process Consultans] about his company,” Bernstein writes.
newsweek.com/donald-trumps-…

📌📌Bernstein concludes: “By 2008, Mossack Fonseca had created more than 160,000 offshore entities. This torrent of secret companies, particularly the older ones, had become difficult to manage.
newsweek.com/donald-trumps-…

“Still, as long as everyone got paid — including Donald Trump —nobody asked too many questions.”
newsweek.com/donald-trumps-…

📌📌The Trump name shows up on 3,540 of those leaked #PanamaPapers documents, many shedding light on what has become a business model.

📌Some of his associates and business partners are also in the files. #MossackFonseca
mcclatchydc.com/news/nation-wo…

📌Early in his career, Trump developed properties.

📌Over the decades, he has increasingly let others invest the capital and take the risks.

📌He sells them his name and reputation, and is paid millions in return.

mcclatchydc.com/news/nation-wo…

📌That’s the case with the Trump Ocean Club in Panama.

📌Trump’s business partners in the project appear as buyers of condo units, some of whom create offshore shell companies with Mossack Fonseca for the purchase.
mcclatchydc.com/news/nation-wo…

💰💦Narco-a-lago: 💦💰

https://twitter.com/karolcummins/status/1104502631802724352?s=21

💰Trump & 1MDB Scandal💰

Donald Trump Might Have Received $100,000 Campaign Donation from 1MDB Fugitive Jho Low: DOJ

ccn.com/donald-trump-m…

💰1MDB scandal: A timeline💰
channelnewsasia.com/news/asia/1mdb…

📌📌Trump’s Ally Former RNC Chair Elliott Broidy Was in Talks to Earn Millions in Effort to End 1MDB Probe in U.S.

https://twitter.com/karolcummins/status/1079137061477568512?s=21

📌📌Ex-Justice Official Higgenbotham Helped 1MDB's Jho Low Funnel Dirty Money

https://twitter.com/karolcummins/status/1079141826563518464?s=21

📌Trump’s pals Witkoff along w/ Harry Macklowe & Howard LORBER bought The Park Lane in 2013 in a deal that valued the property at $654M.

📌Jho Low provided a majority investment with “proceeds derived from or involved in fraud,” #1MDB

https://twitter.com/karolcummins/status/1091446288623689728?s=21

📌Remember DonJr’s Mysterious blocked calls during the June 2016 Trump Tower meeting with the Russians, went to longtime Trump family friends: Brian France and real estate developer Howard Lorber, according to the sources.
abcnews.go.com/Politics/block…

Deutsche Bank ♥️ Trump

https://twitter.com/karolcummins/status/1108143652725907456?s=21

💰Funds Stolen From Kazakhstan Bank > Sater > Trump Tower Moscow

📌A lawsuit filed Monday claims that Sater, a longtime associate of Trump’s, sought to use money stolen from a bank in Kazakhstan to help develop Trump Tower Moscow building.
bloomberg.com/news/articles/…

💰Sater Trump Moscow Trump Soho

https://twitter.com/karolcummins/status/1110300086695677957?s=21

To sum up, it certainly looks like many of Trump’s friends & associates seem to be major players in multiple ginormous financial scandals & their subsequent efforts to launder these stolen funds.
#1mdb #Swedbank #DanskeBank #Kazakhstan #DeutscheBank #MossackFonseca #230Billion

‼️Trump Russia Overview

https://twitter.com/karolcummins/status/1109488201171755008?s=21