AML: Record fine gives Swedbank a chance to move on

Proof of the Swedish supervisor’s mettle raises questions about the Danish response to money laundering.

Jens Henriksson, CEO of Swedbank, comments on the final report on the bank’s money laundering during a news conference at the bank’s head office in Sundbyberg on March 23

A fine levied against Swedbank for money-laundering deficiencies of SEK4 billion (€360 million) on March 19 is far bigger than any Scandinavian financial supervisor has ever levied before.

The only such penalty that has been bigger anywhere Europe is a €775 million ING settlement in the Netherlands in 2018.

AML: Record fine gives Swedbank a chance to move on

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AML: Record fine gives Swedbank a chance to move on

Thanks for your interest in Euromoney!To unlock this article:

Central Bank of Egypt’s drive for financial inclusion bears fruit

Egypt’s banking industry wants to see private sector soar

CIB’s CEO Al-Arab on realism, reform and resilience

Future capital markets infrastructure: Fungible, fractionalised and fused

Thanks for your interest in Euromoney!
To unlock this article: