The central Bank of Lithuania says it has no information to confirm claims by Swedish media about the links of the country's financial group Swedbank and its bank in Lithuania with Syria's chemical weapons program.
© DELFI / Andrius Ufartas

Vytautas Valvonis, director of the Bank of Lithuania's Supervision Service, confirmed that also information on this episode as well is being collected and analyzed as part of the wide-ranging international investigation into alleged money laundering via Danske Bank, Swedbank and other banks.

"Today, we have no facts or evidence to confirm the claims in the media. We are very cautious about such information, especially taking into account the ongoing wide-ranging investigation the Swedish supervision service is carrying out in cooperation with the Bank of Lithuania and the supervision institutions in other Baltic states. The information, including that on this specific episode, is being collected and analyzed," Valvonis told BNS Lithuania.

In his words, the Bank of Lithuania will hand over the whole investigation-related information to the Financial Crime Investigation Service responsible for for the investigation of illegal financial operations.

Sweden's Dagens Industri daily reported on Monday that based on the information it has, Sweden's Swedbank is linked to a transaction used to fund Syria's chemical weapons program.

According to the vz.lt news website, which was the first to report this information in Lithuania, the transaction involved Swedbank clients in Lithuania who entered into transactions with one or more clients of FBME, a bank with non-transparent reputation.

The US tax authorities are reported to have already provided questions to Swedbank over it sties with FBME.

According to Dagens Industri, FBME was closed in 2017 after being linked to Syria's chemical weapons program. The US tax authorities had blocked the bank's access to the US after FBME had been linked to illicit arms trafficking, drug trafficking, terrorist financing and money laundering. has found links directly to transactions against the Syrian nuclear weapons program.

redakcija@bns.lt , +370 5 205 85 20, Vilnius newsroom

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Sources: Lithuania is offered EUR 97 mln to shift to climate-neutral economy

The European Commission offers to provide 97 million euros to Lithuania to help it transition toward...

Suspicions brought against Grigeo Klaipeda's three employees over pollution

Suspicions of possible pollution of the Curonian Lagoon have been brought against Grigeo...

Counting its chickens: twice as many foreign start-ups chose Lithuania last year

While competition between start-up ecosystems in Lithuania and other countries is growing rapidly,...

Scientists: circular economy is not only about recycling

Lithuania, like other small open economies in Eastern Europe, is often characterized by linear...

EIB opens regional office in Vilnius

The European Investment Bank (EIB) Group has today officially inaugurated its regional...