Recent events
Recent events tied to this brand in public sources.
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2020
Swedish regulator fines Swedbank SEK 4 billion over anti-money-laundering deficiencies
Sweden’s Financial Supervisory Authority decided that Swedbank AB should receive a warning and an administrative fine of SEK 4 billion based on findings of deficiencies in anti-money-laundering controls in its Swedish operations and Baltic subsidiaries. The article also reports that Estonia’s Financial Supervision Authority issued Swedbank AS a precept requiring improvements to its risk controls.
2020
Swedbank partners with SIA on instant payments
Swedbank chose SIA to help it send instant payments via EBA Clearing’s RT1 platform. Swedbank and SIA are also partnering with TietoEVRY on an open architecture to connect the payments ecosystem.
2019
Swedbank sets selected Baltic trading and safekeeping fees to zero
Swedbank began offering retail and corporate customers free trading in the Baltic equity market and waived safekeeping fees for private customers' security portfolios of up to 30,000 euros.
2019
Money-laundering allegations involving Swedbank transfers
Swedish broadcaster SVT alleged that Swedbank transferred more than €1 million from Russian arms firm Kalashnikov Concern to a US subsidiary through a Russian oligarch’s business network. Swedbank said it was unaware of any US sanctions violation and pledged to investigate the allegations.