Finland - Unions leave bank that figures in Panama papers - April 30, 2016

Several trade unions have decided to quit as clients from the Nordea bank. Trade union Team and the Transport Workers Union announced their departure due to recent revelations in the Panama Papers data leak suggesting that Nordea helped its customers arrange tax shelters. Other organisations like the Social Democrats, Left Alliance and True Finns parties also announced they would leave Nordea. Nordea, a Swedish based financial services institution, admitted that it had assisted customers shelter assets in the past, adding that it acted entirely within the law when it did. The bank said that it has since ceased the practice.

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