Finansinspektionen (the Swedish FSA) has issued a remark and imposed an administrative fine of SKr 170m ($18.3m) on Svea Bank AB, following an investigation of the bank’s compliance with key anti-money-laundering rules between April 30, 2022, to May 1, 2023.
The investigation has shown several vulnerabilities in Svea Bank’s operations, mainly relating to:
General
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