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Beleaguered lender Swedbank has responded to a damaging report revealing that more than €37bn worth of suspicious transactions flowed through the bank between 2014 and 2019.
Swedish lender Swedbank has named Rolf Marquardt as its new chief risk officer as the bank doubles down on its efforts to strengthen its anti-money laundering (AML) structures after the Danske Bank scandal.
A money laundering investigation into Swedbank has found that transactions totalling around $4.8m constitute as sanction violations.
Neobanks in the Nordics may have had a slow start, but things may soon be about to change.
The Swedish RegTech company ZignSec has rolled out a new anti-money laundering (AML) product as the Nordics are still dealing with the fallout of a massive banking scandal.
The Danske Bank money laundering scandal has taken another turn. The Estonian prosecutor expanded their investigation into transfers worth $2bn that were made through the Danish bank.
Roughly 60 investors are suing Danske Bank over the money laundering scandal.
From the huge Danske Bank scandal to a rising number of reports in the UK, money laundering is a growing concern for finance ministers in the EU.
The Danish lender Danske Bank saw its shares plummet by 4.1% as it revealed that it is expecting net profits to be on the low end of its previous estimates.
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