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 the bank that Swedbank AS has been summoned, The Wall Street Journal reported on Monday (March 14). Estonian investigators are...
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 appear to be based on criminal probes publicly disclosed months and even years ago. The stock price of Swedbank AB, Danske...
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 laundering issues in the Baltic region, according to Reuters Thursday (March 19). Swedbank was reportedly processing transactions in Estonia of...
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, Swedbank said in a press release on Wednesday (March 11). Sweden’s oldest bank will send a detailed report to the...
March 15, 2022
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 media sector, and the United Kingdom’s National Crime Agency has called for more cryptocurrency rules. Plus British platform Playter has raised $1.7 million in seed funding, global pay provider CloudPay partnered […]
March 15, 2022
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 the bank that Swedbank AS...
December 15, 2020
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 appear to be based on...
March 20, 2020
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 laundering issues in the Baltic...
