Orrick, Herrington & Sutcliffe LLP (JD Supra Sweden)

Record Anti-Money Laundering Fine Imposed on Swedbank
I. Background - Sweden’s financial supervisory authority (“SFSA”) recently fined Swedbank AB a record 4 billion Swedish kronor (approximately $386 million) for deficiencies in its anti-money laundering (“AML”) processes and controls. See SFSA’s press release.

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