Decision by the Disciplinary Committee of Nasdaq Stockholm
The Disciplinary Committee at Nasdaq Stockholm today ordered Swedbank to pay a fine of twelve annual fees, equivalent of SEK 46.6 million. As Swedbank stated in its Q1-report on April 27, the issue concerns historical matters dating back to 2016-2019. The Disciplinary Committee states that Swedbank over a long period of time had shortcomings in its AML processes and routines and that the shortcomings were known to the bank’s former top management for a long period of time.During March, Nasdaq Stockholm AB (Nasdaq) informed the bank of the conclusions of its review as to whether the bank had