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.
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