Regulatory case
Finansinspektionen and Swedbank AB
- Authority
- Finansinspektionen (Swedish Financial Supervisory Authority)
- Case number
- Not published in the release read
- Filed or opened
- Not published
- Organization
- Swedbank AB (publ)
- Current stage
- Sanction issued on 19 March 2020.
- Outcome
- Warning and SEK 4 billion fineS1.
Decisions and steps
- Warning and SEK 4 billion administrative fineS1
Claims this case bears on
- Supported92Sweden's financial regulator found in March 2020 that Swedbank had major deficiencies in its anti-money laundering work in the Baltics and fined it SEK 4 billion.Regulator statement, 19 March 20203 records citedMoney laundering
- Supported68Swedbank said in March 2020 that a Clifford Chance report found high-risk transactions of about EUR 37 billion in its Baltic units, but could not conclude that money laundering took place.Company statement, 23 March 20203 records citedMoney laundering
Sources
- S1Tier A Swedbank receives a warning and an administrative fine of SEK 4 billionFinansinspektionen. Regulator press release. 19 March 2020.Supports the fine and the finding of major Baltic deficiencies. It does not state that money laundering was proven.Link working, checked 25 October 2026