hold-Swedbank says it is not aware of alleged violation of U.S. sanctions

Swedbank said on Wednesday it was not aware of any violations by the bank of U.S. sanctions against Russia but said it continued to investigate money laundering after a Swedish television report that alleged such a breach.

Sweden's public service broadcaster (SVT) reported on Wednesday, in a program aired on its website, that Swedbank may have violated U.S. sanctions against Russia, citing an unnamed source.

"The Bank is not aware of any OFAC violations arising out of the continuing internal investigation," Swedbank said in a statement. The Office of Foreign Assets Control (OFAC) is a part of the U.S. treasury department.