Finnish broadcaster YLE has claimed it has seen documents revealing that “hundreds of millions of euros from suspicious sources have flowed through Nordea”, the Nordic region’s largest bank (Vesa Moilanen)

Helsinki (AFP) – Shares in Nordea, the largest bank in the Nordic region, fell by six percent on Monday after Finnish public television announced it would broadcast new allegations about the bank’s involvement in money laundering.

Broadcaster YLE claimed that it has seen documents revealing that “hundreds of millions of euros from suspicious sources have flowed through Nordea”. 

It will make the allegations in a half-hour programme to be aired on Monday evening which examines how European banks are linked to Russian-based money laundering activities.

Nordea’s share price fell to 7.46 euros half an hour after opening on the Helsinki Stock Exchange at 7.94 euros.

Nordea has yet to comment on the allegations.

In 2018 Danish police announced an investigation into money laundering at Nordea following on from a massive scandal engulfing Danske Bank.

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