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SVERIGEFAKTA
2019–2020·Finansinspektionen (the Swedish Financial Supervisory Authority) and Swedbank

Swedbank money laundering and the supervision of a major bank

Settled/established
What happened
Information emerged about extensive suspected money laundering through Swedbank's Baltic operations.
Who reviewed
Finansinspektionen (in cooperation with the Baltic supervisory authorities)
Criticism
Finansinspektionen directed serious criticism at the bank: deficient governance and control, insufficient anti-money-laundering procedures and inadequate information to the supervisory authority.
Outcome
An administrative fine of SEK 4 billion and a warning. Changes of management. Internal reviews by Clifford Chance.
Agency's own reply
Swedbank has stated that it has rebuilt its anti-money-laundering function, replaced management and strengthened its reporting. Finansinspektionen has followed up on the measures.

Sources

Primary sourceFinansinspektionen FI Dnr 18-21044 — Beslut om ingripande mot Swedbank AB (2020-03-19)

Updated 2026-07-08

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APA 7
SVERIGEFAKTA. (2026). SVERIGEFAKTA. Retrieved 2026-10-02, from https://sverigefakta.com/en/agency-oversight/swedbank-penningtvatt
Harvard
SVERIGEFAKTA (2026) SVERIGEFAKTA. Available at: https://sverigefakta.com/en/agency-oversight/swedbank-penningtvatt (Accessed: 2026-10-02).
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SVERIGEFAKTA, "SVERIGEFAKTA", https://sverigefakta.com/en/agency-oversight/swedbank-penningtvatt (accessed 2026-10-02).
BibTeX
@misc{sverigefakta_2026_en_agencyoversight_swedbankpenningtvatt,
  author       = {SVERIGEFAKTA},
  title        = {SVERIGEFAKTA},
  year         = {2026},
  howpublished = {\url{https://sverigefakta.com/en/agency-oversight/swedbank-penningtvatt}},
  note         = {Dataset v2026.2, accessed 2026-10-02}
}
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