Lithuania's Finance Minister Vilius Šapoka called on the eurozone and the European Union to establish a single anti-money laundering system after a money laundering scandal hit the Swedish banking group Swedbank on February 20.
Swedbank
© DELFI / Domantas Pipas

According to a Swedish Television (SVT) report, financial authorities have been alerted to suspicious transactions worth at least 40 billion Swedish crowns (4.3 billion U.S. dollars) by 50 clients between Swedbank and Danske Bank in the Baltic states between 2007 and 2015.

"We see that recent events in Latvia and Estonia, as well as in other countries, have a very strong nature of internationality, that's why a joint response from the EU is needed," said Šapoka.

In recent years, Lithuania, a small country with a population of less than 3 million, as well as two other Baltic states have found themselves on center stage when money laundering scandals had struck the Nordic banks, which dominate in the Baltics.

Swedbank controls Lithuania's largest bank (Swedbank subsidiary) by assets.

"The situation in Lithuania cannot be compared to the situation in Latvia and Estonia, which had large-scale money laundering cases," the minister told local media.

"In Lithuania, there are no such cases," Šapoka said, adding that his country pays serious attention to fight against money laundering.

Vilnius mayor: government not pulling out of stadium project

Vilnius Mayor Remigijus Simasius says Lithuanian Prime Minister Saulius Skvernelis has assured him...

New chief of defense: I am a realist and don’t dream about things we cannot have

Lithuania's incoming chief of defense , Major General Valdemaras Rupsys , says he will seek to...

Russian oil contamination suspect seeking political asylum in Lithuania

Roman Ruzhechko , a suspect in a Russian oil pipeline contamination probe who was detained in...

10 unreported moments: Grybauskaite's diplomacy behind-the-scenes

With Dalia Grybauskaite having ended her second term as Lithuanian president, here is a look at her...

Most-advanced US fighter jets land in Lithuania for 1st time

The United States' most-advanced fighter jets F-35 landed in Lithuania on Thursday.