Thursday, October 29, 2020

Loomis probes possible money laundering

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Swedish cash-handling company Loomis AB said late Wednesday that it launched an investigation into possible money laundering after allegations against the company were made at its annual general meeting.

“During [Wednesday’s] AGM, a Danish journalist put forward allegations that Loomis had been providing cash to an exchange office in Denmark, which was used in an advanced money-laundering scheme,” the company said.

“Loomis take any allegations on money laundering very seriously and Loomis has therefore immediately decided to launch an internal as well as an external investigation into the matter.”

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