KUBR

Swedbank's Baltic branches moved suspect funds linked to the Danske scandal

Swedbank (Baltic money laundering) · Banking (listed)

Regulatory breachGovernance failure

The case in brief

Visible before detection

    Checks that could have surfaced it, on hindsight

    1

    Regulatory & litigation records

    Would have tracked regulators' warnings.

    Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.

    2

    Ownership / related-party links

    Would have mapped beneficial owners of non-resident accounts.

    Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.

    3

    End-use tracing of funds

    Would have traced flows through correspondent accounts.

    Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.

    Where Kubr services would have helped

    Borrower monitor

    Offered in India
    • C3 Would have mapped beneficial owners of non-resident accounts.
    • C6 Would have traced flows through correspondent accounts.
    • C8 Would have tracked regulators' warnings.

    Verified Snapshot

    Offered in India
    • C3 Would have mapped beneficial owners of non-resident accounts.
    • C8 Would have tracked regulators' warnings.

    Legal diligence support

    Offered in India
    • C3 Would have mapped beneficial owners of non-resident accounts.
    • C8 Would have tracked regulators' warnings.

    Promoter profiles

    Offered in India
    • C3 Would have mapped beneficial owners of non-resident accounts.
    • C8 Would have tracked regulators' warnings.

    Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.

    A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.