Tag: Swedbank

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.

Digital banking platform Meniga has received a €3m equity investment from Swedbank, as part of its partnership.

Nordic-Baltic banking group Swedbank is acquiring payments service PayEx to expand its digital solutions. The financial terms of the deal are undisclosed.