Loomis receives a remark with an administrative fine from the Swedish Financial Supervisory Authority

The Swedish Financial Supervisory Authority (SFSA) has today informed that Loomis AB’s Swedish subsidiary, Loomis Sverige AB, has received a remark with an administrative fine of MSEK 40. The decision relates to the investigation that the SFSA initiated in April 2022. The investigation focused on how Loomis Sweden complied with the anti-money laundering regulations between April 2021 and March 2022. A remark is a lower degree of an administrative sanction that is issued when a breach has been deemed to be less serious.

“We of course take it seriously that the SFSA has given us a remark. Given our role in society, we take great responsibility to ensure that we have the appropriate processes in place to prevent financial crime. We continuously update our procedures within this important area and always strive to align with regulatory requirements and our high internal standards. Our work within anti-money laundering has matured since we received our license in 2019 and we have also made significant improvements since the investigation period between 2021 and early 2022,” comments Karin Stålhandske, CEO Loomis Sweden.

Loomis is analyzing the decision and will evaluate the next steps. It is likely that a provision corresponding to the administrative fine will be booked as an item affecting comparability in Loomis AB’s interim report for the second quarter 2024.

This press release is also available on the company's website, www.loomis.com.

June 19, 2024

Jenny Boström
Head of Sustainability and IR

Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com

Loomis offers secure and effective comprehensive solutions for managing payments, including the distribution, handling, storage and recycling of cash and other valuables. Loomis’ customers are mainly financial institutions and retailers. Loomis operates through an international network of around 400 branches in more than 20 countries. Loomis employs around 25,000 people and had revenue in 2023 of more than SEK 28 billion. Loomis is listed on Nasdaq Stockholm Large-Cap list.