Fraudsters used the bank to launder victims’ money, and there were convicted criminals amongst the bank's management and shareholders.
Neobanks
The Swedish Data Protection Authority and four banks will investigate better information sharing to fight financial crime.
Money laundering, tax evasion, and criminal transactions. – neobanks are becoming a common tool in criminal activity, report finds.
The prominent neobank saw the number of fraud complaints jump to 3,838 in 2023.