In January this year, Nordea bank banned its 31,000 employees from buying Bitcoin and other cryptos. The bank, which is the largest in the Nordic region, termed Bitcoin as too risky and as having the potential to be used in crime. Nine months later, the bank has been implicated in an alleged money laundering scandal. According to a report by Finnish state-owned YLE publication, the bank has been accused of receiving dirty money from two banks in the Baltic States. This is just after another anti-bitcoin bank, Danske, was nabbed with similar accusations.
According to the report by YLE, the Swedish Economic Crime Authority recently received a report alleging that Nordea bank had received criminally-sourced funds from Lithuania and Estonia. YLE further quoted SVT, Sweden’s public broadcaster which alleged that 365 individual accounts at Nordea bank received payments amounting to €150 million.