Sweden

Two of the Nordics’ biggest banks, Nordea and Danske Bank, are involved in a money laundering scandal that involves billions of Danish krona, reports Berlingske. They are cooperating with authorities over possible incidents of money laundering via their overseas branches from 2011 to 2014, it added.
The Danish newspaper cites investigations into authorities in countries including Latvia and Moldova, which show that large amounts of money passed through Danish banks into tax havens like the Seychelles and Panama. The origin of the money is not certain, but sources point to Russian organized crime. Meanwhile, according to Berlingske, fourteen Moldovan judges have been arrested and are awaiting trial for aiding the perpetrators.

The most beloved passport in the world by rich people is not American. European citizens are the owners of the most valuable passports in the world with the top ten spots all countries in Europe. But the world’s most powerful passport belongs to Sweden. The findings come from offshore consulting firm Nomad Capitalist, who have ranked 199 passports globally.

Sweden’s government has an unusual complaint, it is collecting too much tax. With interest rates in the country at -0.5%, holding cash in bank accounts and other savings vessels provides little to no return and in many cases actually costs people money.

According to data released by the government on Wednesday, Sweden ended 2016 with a budget surplus of 85 billion kroner ($9.5 billion), and about half of that was due to individuals and businesses paying more tax than they needed to as a means of actually making money.

"The development of Sweden’s central government finances is still affected by excess deposits in tax accounts," a report from the Swedish National Debt Office said.