More skulldugerry

[nitpicker]

https://www.dw.com/en/sweden-swedbank-offices-raided-for-money-laundering/a-48082166

Sweden: Swedbank offices raided for money laundering
Date 27.03.2019

Swedish authorities on Wednesday searched the Stockholm headquarters of Swedbank, the largest lender in the Baltic region, as part of a money laundering investigation.

The Swedish bank is accused of misleading US investigators over transactions made by its clients linked to Mossack Fonseca, a Panamanian law firm, which is at the center of a global tax avoidance and money laundering scandal, according to Swedish public broadcaster SVT.

What we know so far
Swedbank confirmed on Wednesday that its headquarters near Stockholm have been raided by Swedish authorities.
The bank is under investigation by the New York Department of Financial Services (DFS) for giving misleading information related to the Mossack Fonseca tax evasion and money laundering scandal.
Sweden's Economic Crime Authority is also conducting an independent probe into whether the bank breached insider trading regulations by informing 15 of its biggest shareholders of the scandal before SVT's report on it last month.
Swedbank said in a statement that "no individual or legal entity has been served suspicion of a crime."
(snip)

[safeinOhio]

1. Iceland locked up some bankers.

That seems to work better than fines. By the way, they get a tax write off for those fines..win, win.

[Sherman A1]

4. Agreed

A few in jail from time to time, might get their attention.

[SWBTATTReg]

2. Good. Too many bankers and scum like this are escaping prosecution for illegally ...

concealing (knowingly too) assets, income, whatever to escape taxes. This hurts everybody as it causes an unfair burden on those remaining (and paying their fair share of taxes too). Time to bring this on too in the US and also, time to go after third world countries that facilitate and allow these operations to be set up. With so much money flowing across borders to escape notice and thus taxes, this is probably a major major issue for a lot of nations/countries in the world.

[Wellstone ruled]

3. Holy cow,the

Panama Papers are just now yielding there hidden treasures.