COBALT successfully defends Swedbank in an alleged money laundering criminal case

Today, the State Prosecutor’s Office concluded the criminal proceedings against Swedbank AS due to the absence of a crime in the alleged historical money laundering case. The suspicion of a crime proved to be unfounded. The investigation covered the period from 2011 to 2017.

Our work involved comprehensive advice and representation of the client from administrative proceedings to the conclusion of the criminal proceedings. The work included, among other things, submitting an extensive application for the termination of the criminal proceedings.

Swedbank AS was represented in the criminal proceedings by Managing Associates Lembit Tedder and Rauno Ligi, and in the administrative proceedings by Partner Monika Koolmeister. The project team also included Managing Partner Jaanus Mody, Specialist Counsel Tavo Tiits, Senior Associates Heili Haabu, Kaarel Eller, Viive Kaur, and Associates Anna Daniel, Crislyn Piirits, Henri Hansson, Kristo Pullerits (membership temporarily suspended), Norman Ilumets, Saara Maria Puur, Peep Vähi and Assistant Lawyers Anette Jaani, Jaanus Randma, Kristi Ojala, Robert Soidla, Rachel Sermat, and Karl Metsküll, as well as Compliance Specialist Enri Nurmik.