Final report submitted to the Estonian Financial Supervisory Authority
Swedbank AS has submitted a final report describing the actions taken to comply with the precept of the Estonian Financial Supervision and Resolution Authority (EFSA) which was issued on March 18, 2020.The report addresses historic shortcomings that were presented in the precept and reflects the full commitment of Swedbank Group to establish systems, controls and solutions for anti-money laundering (AML) and counter-terrorist financing (CTF) purposes. “We believe that we have closed the shortcomings identified by the EFSA. But we are not leaving the lessons learnt behind us. We are fully