Tag: swedbank

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.

Several huge money laundering scandals have swept across Europe over the past year. Now, the European Commission may get the power to set up an anti-money laundering (AML) body to deal with the problem.

Swedbank will continue to work with Sweden’s Financial Supervisory Authority (SFSA) and improve AML processes as a sanction is imposed on the bank.

The Swedish bank Swedbank has reported a dramatic drop in its quarterly earnings as it is still dealing with the fallout from a huge money-laundering scandal.

Despite a whistleblower flagging suspicious transactions five years ago, Deutsche Bank allegedly waited until February this year to disclose one million suspect money transfers it did for Danske Bank.

Swedish bank Swedbank has allowed authorities investigating a potential money laundering scandal to interview the lawyer who conducted the internal probe into the allegations.

The European Securities and Markets Authority (ESMA) has amended its enforcement of Nordea Bank, Svenska Handelsbanken, SEB and Swedbank following a decision by the Board of Appeal of the European Supervisory Authorities (BoA).

Six Nordic banks have come together in a new joint venture, establishing a new KYC company.

Six major banks in the Nordics have reportedly come together to improve customer checking and tackle money laundering.

Nordic banking group Swedbank has launched a unit dedicated to financial fraud and security amid a money laundering scandal which has sent the bank's valuation reeling.