Swedbank

EMEA Daily: Meta Faces Fines in South Africa; CloudPay, Visa Partner on Payroll Payments; UK Crime Agency Eyes Crypto Mixers
EMEA Daily: Meta Faces Fines in South Africa; CloudPay, Visa Partner on Payroll Payments; UK...
March 15, 2022  |  International

In today’s top Europe, Middle East and Africa news, South Africa’s competition regulator is seeking to prosecute Facebook for abusing its dominance in the social...

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Swedbank in More Money-Laundering Legal Trouble
Swedbank in More Money-Laundering Legal Trouble
March 15, 2022  |  AML

The Estonian unit of Swedbank AB is a suspect in a money-laundering investigation, after a special white-collar crime investigator with Estonia’s Central Criminal Police notified...

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Jittery Investors Dump Shares Of Nordic Banks After Reports Of FBI Investigation
Jittery Investors Dump Shares Of Nordic Banks After Reports Of FBI Investigation
December 15, 2020  |  Security & Fraud

A report by a major Swedish newspaper triggered a selloff by investors of shares in a trio of Nordic banks, puzzling analysts since the revelations...

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Sweden Fines Swedbank $386M For AML Missteps
Sweden Fines Swedbank $386M For AML Missteps
March 20, 2020  |  International

Sweden’s oldest retail bank will face a hefty $386 million fine for a scandal that erupted last year over the bank’s poor handling of money...

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AML Probe Into Swedbank Turns Up $4.8M In Possible Violations
AML Probe Into Swedbank Turns Up $4.8M In Possible Violations
March 11, 2020  |  Security & Fraud

The Swedbank anti-money laundering (AML) probe by the law firm Clifford Chance has uncovered 586 transactions totaling roughly $4.8 million in possible U.S. sanction violations,...

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Head Of Swedbank Won’t Let Probes Compromise Clients’ Privacy
Head Of Swedbank Won’t Let Probes Compromise Clients’ Privacy
August 29, 2019  |  Banking

Swedbank’s new CEO says that while transparency is a goal after his predecessor misled the public about money laundering, he still has to protect clients’...

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Swedish Watchdog To Publish Results Of Swedbank Probe In 2020
Swedish Watchdog To Publish Results Of Swedbank Probe In 2020
August 23, 2019  |  AML

There won’t be any answers until next year regarding the ongoing investigation of the Swedish Financial Supervisory Authority (FSA) and money laundering in the Baltics,...

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AML Expenses Eat Into Nordic Lenders’ Profits
AML Expenses Eat Into Nordic Lenders’ Profits
July 21, 2019  |  Banking

Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. The region’s largest financial institutions — Swedbank AB, Nordea Bank ABP and Danske Bank A/S— have...

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Swedbank Estonian CEO And CFO Suspended
Swedbank Estonian CEO And CFO Suspended
June 18, 2019  |  Banking

Swedbank announced that it has suspended the CEO and CFO of its Estonian branch after an investigation into compliance with money-laundering rules at the bank....

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