Which authority is recorded against Swedbank AB?

The entry is recorded against Finansinspektionen, in the Sweden jurisdiction, under the theme Baltic subsidiaries · AML governance.

What is the current status of this entry?

Status: Sanction decision issued. Last recorded change: 19 March 2020. The matter arose or was first recorded on 19 March 2020.

How was this matter brought to light?

Supervisory investigation following media reporting. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.

Where can the primary sources for SE-2020-01 be checked?

The entry links to Finansinspektionen decision, 19 March 2020.

SE-2020-01 · Sweden · 2020

Finansinspektionen issues a SEK 4 billion administrative fine over Baltic anti-money-laundering deficiencies

The Swedish supervisor issued the bank a warning and an administrative fine of SEK 4 billion, finding serious deficiencies in the governance and control of money-laundering risk in its Baltic subsidiaries.

Stockholm financial district at night, illustrating the Finansinspektionen sanction against Swedbank — Illustrative image · Swedbank AB

Institution: Swedbank AB
Authority: Finansinspektionen
Status: Sanction decision issued
Theme: Baltic subsidiaries · AML governance
Raised by: Supervisory investigation following media reporting
Jurisdiction: Sweden
Matter arose: 19 March 2020
Last recorded: 19 March 2020

What the sources record

The decision was published on 19 March 2020 following a joint investigation with the Estonian supervisor.

The supervisor's finding concerned the bank's knowledge of, and response to, elevated money-laundering risk in the Baltic operations.

Primary sources

Finansinspektionen decision, 19 March 2020

Questions and answers on this entry

What does register entry SE-2020-01 record?: Finansinspektionen issues a SEK 4 billion administrative fine over Baltic anti-money-laundering deficiencies. The Swedish supervisor issued the bank a warning and an administrative fine of SEK 4 billion, finding serious deficiencies in the governance and control of money-laundering risk in its Baltic subsidiaries.
Which authority is recorded against Swedbank AB?: The entry is recorded against Finansinspektionen, in the Sweden jurisdiction, under the theme Baltic subsidiaries · AML governance.
What is the current status of this entry?: Status: Sanction decision issued. Last recorded change: 19 March 2020. The matter arose or was first recorded on 19 March 2020.
How was this matter brought to light?: Supervisory investigation following media reporting. Each statement in the entry reflects material already published by a named source; nothing beyond those sources is asserted or inferred.
Where can the primary sources for SE-2020-01 be checked?: The entry links to Finansinspektionen decision, 19 March 2020.

This entry summarises published material for research and compliance-screening purposes; read the disclaimer. Any party named in a source may request a correction or exercise a right of reply through the contact page.

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