March 22, 2019 / 10:50 AM / 3 months ago

Swedbank investor says unsatisfied by report on money laundering links

STOCKHOLM, March 22 (Reuters) - Swedbank investor AMF said on Friday it had expected more after the lender published heavily-redacted outcome of an external probe into its alleged link to money laundering in the Baltics.

AMF Chief Executive Johan Sidenmark said in a statement that the pension investor was also unhappy that Swedbank said the continued probe would not be fully transparent and said additional clarification was needed to strengthen confidence in the bank.

"We will therefore continue to work for more transparency and openness, thereby increasing confidence in the bank, and for closing outstanding issues," he said on the group's website.

AMF is Swedbank's fifth largest investor with a 4.77 percent stake and is a member of the nomination committee that selects the lender's board.

Reporting by Esha Vaish in Stockholm; Editing by Johan Ahlander

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