Tags Swedbank

Tag: swedbank

Danske Bank’s profits drop as the lender deals with fallout from...

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.

The EU may set up a new anti-money laundering authority

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 comments on sanctions from Swedish regulator

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

Swedbank’s quarterly earnings drop amidst money laundering scandal

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.

Whistleblower claims Deutsche Bank took years to alert authorities about Danske...

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.

Swedbank gives prosecutor permission to question the bank’s lawyer over money...

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

ESMA downgrades sanctions against four Scandinavian banks after appeals to the...

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 team up to create KYC company

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

6 Nordic banks said to team up to establish improved AML...

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

Swedbank launches financial fraud unit in wake of money laundering probes

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.

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