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Swedish FSA imposes SKr140m fine on bank for AML violations

Panoramic view of famous Sergels Torg square at night, central Stockholm, Sweden, Scandinavia.
Sergels Torg square in central Stockholm. Photo: Getty Images

The bank failed to comply with a general risk assessment of products for corporate clients.

Finansinspektion, the Swedish Financial Supervisory Authority (FSA), has issued a new remark and an administrative fine against Ikano Bank AB (Ikano) for violation of anti-money-laundering regulations. The bank has been fined SKr140m ($14.2m).

The enforcement follows an investigation by the FSA, which took place between 2022 and 2023. The

According to