Nordea

The Russian Laundromat Exposed
Investigation

Nordea is a Swedish bank with more than 10.5 million customers in Denmark, Sweden, Finland, Norway, Estonia, Latvia, Lithuania, and Russia.

Related Articles

Senior Moldovan Judge’s Daughter Lived In Posh London Flat -- With Tainted Money
The daughter of a top Moldovan judge lived large in London thanks to 1.6 million lei (US$ 130,000) that was channeled through two companies involved in the Russian Laundromat -- a massive money laundering scheme that pumped billions of dollars through Moldova from Russia.
The Russian Laundromat: The World Responds
Russia’s dirty laundry has been put out to dry by investigative reporters working together across 32 countries in a major project led by the Organized Crime and Corruption Reporting Project (OCCRP) and Moscow-based Novaya Gazeta.
The Russian Laundromat Exposed
Three years after the “Laundromat” was exposed as a criminal financial vehicle to move vast sums of money out of Russia, journalists now know how the complex scheme worked -- including who ended up with the $20.8 billion and how, despite warnings, banks failed for years to shut it down.
Senior Moldovan Judge’s Daughter Lived In Posh London Flat -- With Tainted Money
The daughter of a top Moldovan judge lived large in London thanks to 1.6 million lei (US$ 130,000) that was channeled through two companies involved in the Russian Laundromat -- a massive money laundering scheme that pumped billions of dollars through Moldova from Russia.
The Russian Laundromat: The World Responds
Russia’s dirty laundry has been put out to dry by investigative reporters working together across 32 countries in a major project led by the Organized Crime and Corruption Reporting Project (OCCRP) and Moscow-based Novaya Gazeta.
The Russian Laundromat Exposed
Three years after the “Laundromat” was exposed as a criminal financial vehicle to move vast sums of money out of Russia, journalists now know how the complex scheme worked -- including who ended up with the $20.8 billion and how, despite warnings, banks failed for years to shut it down.
The Russian Laundromat Exposed
See the project
March 20th, 2017
Banking Money Laundering
Denmark, Finland, Sweden

Nordea is a Swedish bank with more than 10.5 million customers in Denmark, Sweden, Finland, Norway, Estonia, Latvia, Lithuania, and Russia.

The Danish branch of the bank received nearly 200 Laundromat transfers worth more than $44 million between February 2012 and May 2014.

In response to a reporter’s inquiries, Nordea’s representative said that, after this period, the bank “launched a comprehensive program to improve compliance in relation to financial crime.” The bank declined to comment on specific customers and transactions, citing customers’ privacy.

Related Reporting

Danske Bank

Danske Bank

Danske Bank is a Danish bank with branches in 16 countries, primarily in the Nordic countries. A total of 1,567...