- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-03-04T11:28:00
The Estonian branch of Swedbank is no longer under investigation regarding suspected money laundering and other criminal activities.
The Sweden-based banking group announced Thursday the Estonian Public Prosecutor’s Office completed its probe into Swedbank AS after determining “no crime has been committed.”
“With the decision of the prosecutor in Estonia, we can leave yet another investigation of historical shortcomings behind us,” said Tomas Hedberg, head of special task force and vice president of Swedbank, in a press release.
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2023-06-20T19:00:00Z By Jeff Dale
Swedbank Latvia agreed to pay more than $3.4 million to resolve apparent U.S. sanctions violations in the Crimea region of Ukraine, the Office of Foreign Assets Control announced.
2022-03-15T14:40:00Z By Kyle Brasseur
The Estonian branch of Swedbank has been summoned for interrogation as part of a probe into suspected money laundering and other criminal activities.
2020-03-20T15:07:00Z By Jaclyn Jaeger
Swedbank AB has been issued a record 4 billion Swedish Krona (U.S. $390 million) administrative fine for what Sweden’s financial watchdog called “serious deficiencies in its management of the risk of money laundering in its Baltic operations.”
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The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
2025-04-11T08:00:00Z By Adrianne Appel
Block Inc., maker of the popular Cash App, has been hit with a $40 million fine by New York for its alleged failure to report suspicious activity. The move marks the latest in a string of recent state and federal enforcement actions against the company.
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