the Swedish television's ”uppdrag granskning” has been in several of the programmes highlighted the major banks have Previously suspected of money laundering.
According to the program, several billions have been transmitted by the bank. It is related mainly to the bank's operations in the Baltic countries.
The international law firm Clifford Chance, after the avslöjandens had a mission from the bank's board of directors to review its work against money-laundering. And now, an analysis of 586 transactions, Swedbank is the likely violation of the US sanctions.
" I have made it clear that Clifford Chance will advise if there is a suspicion of sanktionsbrott in the conduct of the inquiry. It has done so. We are immediately presented with a självanmälan to OFAC. This shows that the bank in the process of customer due diligence, transaction monitoring, internal control, and the control had troubling shortcomings. At the same time, there is a certain amount of relief that it is a relatively small amount, and transactions, such as payment of salaries, " says Jens Henriksson, president and chief executive officer of the fund.
Text update< Updated Date: 11 March 2020, 08:00