MOSCOW (Sputnik) — Soon after the April Panama Papers revelation, Nordea initiated an investigation into the activities of the Nordea Bank S.A. in Luxembourg (NBSA), which was repeatedly mentioned in the documents.
"NBSA has taken immediate action and blocked the accounts where suspicious indications were found. This goes for the 68 cases highlighted by Group Compliance," the press release reads.
In April, the German newspaper Sueddeutsche Zeitung exposed the alleged involvement of wealthy and influential people, including a number of former and current state leaders, in offshore schemes by publishing materials it claimed came from Mossack Fonseca, a Panama-based law firm specializing in offshore companies.
Mossack Fonseca did not validate the information contained in the leaks but accused reporters of gaining unauthorized access to some of its proprietary information.
In April, the Swedish Dagens Industri financial daily reported that Nordea is mentioned in the leaked documents some 10,000 times.
