Nordic and Baltic countries ask IMF for money laundering report

Move follows string of scandals over massive AML breaches in Baltic and Nordic banks

Nordic-Baltic map

The authorities in eight Baltic and Nordic countries have asked the International Monetary Fund to analyse the money laundering and financing of terrorism risks they face.

The countries involved are Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. They have had a series of scandals in recent years over both alleged and proven massive money laundering cases, often involving Baltic subsidiaries of large Nordic banks.

Their central banks issued a joint statement saying

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