Nordea, Handelsbanken Avoid Further Fine in Panama Case: DI
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
SHBA SS (Svenska Handelsbanken AB)
NDA SS (Nordea Bank AB)
SWEDA SS (Swedbank AB)
SEBA SS (Skandinaviska Enskilda Banken AB)
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UUID: 7947283
(Bloomberg) -- Sweden’s Financial Supervisory Authority has closed its probe into Nordea and Handelsbanken’s processes to prevent money laundering and won’t issue any sanctions or fines against companies, Dagens Industri reports, citing FSA spokeswoman Victoria Ericsson.
- In light of the Panama investigation, FSA has concluded both banks have taken sufficient measures to correct earlier complaints against their processes to prevent money laundering
- “Therefore, we see no reason to move forward with the investigations and have sent a final notice,” Ericsson tells DI
- FSA’s investigation into Sweden’s other two big banks, SEB and Swedbank, continues
- NOTE Feb. 1: Swedish FSA Says Has Informed Banks of Panama Investigation: DI
- NOTE April 13: Nordea Money Laundering Link to Panama Leaks Probed by FSA
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
SHBA SS (Svenska Handelsbanken AB)
NDA SS (Nordea Bank AB)
SWEDA SS (Swedbank AB)
SEBA SS (Skandinaviska Enskilda Banken AB)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283