In mid-October, Kremlin critic and campaigner Bill Browder filed complaints against Nordea in four different countries, alleging that the Swedish bank had breached money-laundering rules, illegally distributing funds to Russian entities or individuals.

As of October 1, however, Nordea was no longer technically Swedish. It became the first big bank outside the euro area to join the eurozone’s banking union, moving its headquarters from Sweden to Finland in order to enjoy the same “predictable regulatory environment” as its big European competitors, it said when it announced the move in 2017.