Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence
(WorldNews Sweden)

Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386M) for breaching anti-money laundering regulations on a large scale. Around $5.8 billion had been funneled between suspected accounts in Swedbank and Danske Bank in the Baltics, the latter already fined large amounts for previous money-laundering activities. Also read: Bitcoin Mining Roundup: BTC Regains 100 Exahash, Miners Close Shop, Pre-Halving Shake-Up Swedbank Kept Separate Books To Help With Money-Laundering After Swedish public service television SVT had looked closer at...