UPDATE 1-Browder files criminal complaint against Swedbank in Estonia

Estonia's State Prosecutor has received a criminal complaint against Swedbank brought by investor Bill Browder, and will decide whether to begin an investigation into the money laundering allegations within the next 10 days, a spokeswoman for the prosecutors' office said on Wednesday.

Swedbank is embroiled in a money-laundering scandal involving Danske Bank, which revealed last year that its Estonian branch had been used to move 230 billion euros ($258 billion) of suspicious payments between 2007 and 2015. Browder founded Hermitage Capital and was once the biggest foreign money manager in Russia. He has been instrumental in driving authorities to bring cases against Danske Bank.

"At the moment the prosecutor is analysing the data, and the decision on whether to start an investigation will be made within 10 days," said the spokeswoman, who declined to comment on the content of the filing. Earlier this week Sweden's Economic Crime Authority (EBM) dropped a complaint by Browder saying the limited transfers involving Swedish accounts had occurred before tighter anti-money laundering legislation was introduced in 2014 and as a statute of limitations had expired in the case. (Reporting by Tarmo Virki, editing by Johannes Hellstrom and Louise Heavens)