We guarantee full cooperation to FSA Estonia authorities: Swedbank

The Estonian financial watchdog's inspection at the country's Swedbank branch had been previously agreed upon, a spokeswoman for the bank said on Tuesday. "The FSA in Estonia has been begun an inspection, it was previously agreed upon. Swedbank will co-operate fully," a Swedbank Estonia spokeswoman said.

She said the inspection was ongoing but that it would have no impact on the bank's daily operations. Swedbank is embroiled in a fast-growing money laundering scandal involving Danske Bank, which revealed last year that its Estonian branch was used to move 230 billion euros ($258 billion) of suspicious payments between 2007 and 2015.