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Regulatory case

US authorities and Swedbank AB

Authority
US Treasury Office of Foreign Assets Control, US Securities and Exchange Commission, US Department of Justice
Case number
Not published
Filed or opened
2019
Organization
Swedbank AB (publ)
Current stage
OFAC settled in June 2023. SEC and DOJ closed without enforcement. New York DFS open.
Outcome
OFAC settlement. No SEC or DOJ enforcement. DFS pending.

Decisions and steps

  1. OFAC settlement of SEK 37 millionS3
  2. SEC closes its investigation without enforcementS4
  3. DOJ closure without enforcement disclosed by the bankS5

Claims this case bears on

Sources

  1. S3Tier B Swedbank reaches agreement with OFACSwedbank AB. Company statement. 19 June 2023.Company account of the OFAC settlement and of US probes then open. The OFAC release itself was not read.Link working, checked 25 October 2026
  2. S4Tier B SEC closes investigation of SwedbankSwedbank AB. Company statement. 6 September 2025.Company disclosure of the SEC closure. It says the DOJ and DFS probes were then still open.Link working, checked 25 October 2026
  3. S5Tier B DOJ has closed the investigation of SwedbankSwedbank AB (publ). Company statement. 14 January 2026.The bank's own release, issued as inside information, on the DOJ closure. It says the New York DFS probe was still open. No DOJ record was found.Link working, checked 25 October 2026