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Nordic and Baltic countries should enhance AML supervision, IMF says
The International Monetary Fund has analysed vulnerabilities and threats stemming from money laundering and terrorist funding in eight Nordic and Baltic countries.
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Swedish insurer Trygg-Hansa sanctioned over data failures
Customer data was possible to access online openly for over two years.
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Swedbank fined $3.4m over Crimea sanctions violations
The bank’s Latvian subsidiary was found making 386 transactions that violated OFAC’s sanctions.
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Swedish AI-powered lender Qred to become Europe’s newest bank
The fastest growing fintech company in Sweden is striving to become number one in Europe in online financing for small businesses.
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Ericsson pleads guilty and pays $206m after breaching 2019 FCPA agreement
The company breached the Deferred Prosecution Agreement from 2019 by violating cooperation and disclosure provisions.
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Denmark’s biggest bank in $413m settlement over fraud charges in Estonia
Danske Bank is the second bank to be hit with big fines after money-laundering breaches in the Baltics.
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Fewer European sanctions but increasing penalties for market abuse in 2021
Germany, Poland and Sweden faced criminal sanctions in 2021.
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Cashless Sweden to foster its first direct-to-consumer unicorn
Channeling personalisation, digitisation and trust is key to Swedish fintechs’ success.