Swedbank has told Swedish and Estonian regulators it still has “shortcomings” in its anti-money laundering work as Sweden’s oldest lender attempts to overcome a $135bn . dirty money scandal.

Swedbank is the largest lender in the Baltics. It has 900,000 private and 130,000 corporate customers in Estonia, who, the bank says, made millions of transactions every day in 2018.

FRANKFURT — A money-laundering scandal that has upended the world of Scandinavian finance ensnared another executive on Friday, when the chairman of Swedbank, one of Sweden’s largest lenders ...

Swedbank AB said its Estonian unit has been named a suspect in an Estonian money-laundering investigation. A special white-collar crime investigator with Estonia’s Central Criminal Police ...

According to the investigation, Swedbank’s internal compliance unit had raised serious concerns about the bank’s implementation of anti-money laundering policies back in 2006, and again every single ...

Swedbank is one of the largest retail banks in Sweden and the largest in the three Baltic states. While its foundation is based in Swedish savings banks, a position that still benefits Swedbank ...

Bonnesen, who was Swedbank's chief audit executive between 2009 and 2011, which included overseeing the bank's anti-money laundering policy, before running its Baltic operations until 2014, told ...

Swedbank investor AMF said on Friday it had expected more after the lender published heavily-redacted outcome of an external probe into its alleged link to money laundering in the Baltics. AMF ...

Bonnesen, who was CEO in 2019 when a money-laundering scandal involving Swedbank's Baltic business erupted, has denied the charges, and a district court in 2023 found her not guilty of all charges.

Swedbank is overhauling its anti-money laundering (AML) IT infrastructure in the wake of a highly critical report that identified deficient AML detection, control and customer validation systems ...