Sections
Swedbank
-
InternationalSweden Fines Swedbank $386M For AML Missteps
Sweden’s oldest retail bank will face a hefty $386 million fine for a scandal that erupted last year over the bank’s poor...
-
Security & FraudAML Probe Into Swedbank Turns Up $4.8M In Possible Violations
The Swedbank anti-money laundering (AML) probe by the law firm Clifford Chance has uncovered 586 transactions totaling roughly $4.8 million in possible...
-
BankingHead Of Swedbank Won’t Let Probes Compromise Clients’ Privacy
Swedbank’s new CEO says that while transparency is a goal after his predecessor misled the public about money laundering, he still has...
-
AMLSwedish Watchdog To Publish Results Of Swedbank Probe In 2020
There won’t be any answers until next year regarding the ongoing investigation of the Swedish Financial Supervisory Authority (FSA) and money laundering...
-
BankingAML Expenses Eat Into Nordic Lenders’ Profits
Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. The region’s largest financial institutions — Swedbank AB, Nordea Bank ABP and Danske...
- Banking
Swedbank Estonian CEO And CFO Suspended
Swedbank announced that it has suspended the CEO and CFO of its Estonian branch after an investigation into compliance with money-laundering rules...
-
Payment MethodsNordic’s P27 Mulls Buying Swedish Clearing Platform
The Nordic’s P27, a bank-owned initiative to create a common payments platform across the region, is looking into buying Swedish clearing payment...
-
InvestmentsMinna Technologies Notches €5.6M In Series A Round
In a Zenith Group-led funding round joined by Visa as well as Swedbank, subscription management platform Minna Technologies has notched €5.6 million...
-
Security & FraudAppeal Over Swedbank Money Laundering Complaint Is Denied In Sweden
The appeal of an investor who campaigns against corruption in the banking industry was rejected by Sweden on Wednesday (May 15), according...
-
Security & FraudFitch: AML Shortcomings Impact Bank Credit Ratings
As part of a broader look at environmental, social and governance factors on credit scores, Fitch Group Inc. noted that shortcomings in...
- Banking
Swedbank Faces US Investigation As Bank Acknowledges Money Laundering Mistakes
Sweden’s oldest bank is facing investigations in the United States as it has acknowledged it hasn’t done enough to prevent money laundering....
-
Security & FraudSwedbank Fires CEO Amid Investor Revolt
Swedbank fired its chief executive officer as investigations into money laundering at the bank have expanded. According to a report in Reuters,...
-
Security & FraudUS Regulators Set Sights On Swedbank As Offices Are Raided
Swedbank is the subject of an inquiry by U.S. regulators in the wake of money laundering scandals, reported the Financial Times. In...
-
RegulationDenmark Reg Probes Swedish Bank For Money Laundering
Denmark’s financial watchdog has instructed a Danish branch of Swedish bank SEB to obtain additional information on customers deemed to be a...
-
RegulationSweden’s Financial Regulator: ‘We Can Do More’ On Bank Oversight
Sweden’s financial regulator, the Swedish Financial Supervisory Authority, said it needs to pick up its oversight of Swedish banks when it comes...
-
BankingSwedbank CEO ‘Humble’ After Laundering Claims
Swedbank’s CEO has admitted to making some mistakes when handling money laundering allegations against the bank. Last month it was revealed that Estonia’s...
-
Security & FraudEstonia AML Investigation Widens To Include Swedbank
Estonia’s investigation of money laundering involving Danske Bank is widening to include Swedbank, according to a report by Reuters. Estonia is investigating...
- International
Hackers Knock Swedish Bank Offline
In what could be the result of a distributed denial-of-service (DDoS) attack, the Swedish website of Swedbank was brought down early Friday...
