The Estonian branch of Swedbank is no longer under investigation regarding suspected money laundering and other criminal activities.

The Sweden-based banking group announced Thursday the Estonian Public Prosecutor’s Office completed its probe into Swedbank AS after determining “no crime has been committed.”

“With the decision of the prosecutor in Estonia, we can leave yet another investigation of historical shortcomings behind us,” said Tomas Hedberg, head of special task force and vice president of Swedbank, in a press release.

In 2022, Swedbank announced it had been summoned for interrogation pertaining to an investigation examining whether money was laundered within Swedbank AS between 2014 and 2016. The bank said it fully cooperated with the probe.

In March 2020, Swedbank agreed to pay a 4 billion Swedish krona (then-U.S. $390 million) administrative fine to settle charges stemming from investigations in Sweden and Estonia into money laundering failures. The Estonian investigation concluded Swedbank AB had “severe deficiencies” in its anti-money laundering risk control systems and that the bank failed to live up to AML requirements.