Financial Crime Financial Crime

Comment: Swedbank still could face US fine over money laundering, though probably a small one

By Martin Coyle and Richard Vanderford
  • 02 Apr 2020 15:54
  • 03 Apr 2020 05:03
Swedbank paid a record $385 million fine to Sweden's bank regulator after a string of money laundering failures, but has warned investors that it engaged in transactions that could also run afoul of US sanctions. Though US enforcers have in the past levied multibillion-dollar fines against some badly behaving banks, Swedbank's potential

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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