Russian-Speaking Networks Suspected of Laundering Billions Through Sweden

In a survey, Swedish authorities identified suspicious transactions worth SEK 2.9 billion (about $276 million), 75 percent of which were within Sweden. The suspicions concern companies from countries such as Uzbekistan, Ukraine and Russia.

Sweden is a country where it is lucrative to engage in economic crime because companies are easy to access and vulnerable, says Lena Palmklint, a commissioner at the Swedish Economic Crime Authority, to the radio.

According to Palmklint, the use of false invoices, facilitated by interconnected networks of thousands of companies and identities, has grown over the years.