International Consortium of Investigative Journalists - ICIJ·2 min read·medium
Swedbank fined $50 million by New York authorities over Panama Papers revelations
I
Isabella Cota
✦AI Summary
Swedbank has agreed to pay a $50 million fine to New York regulators to settle a long-running investigation into money laundering. The probe focused on the bank's failure to maintain adequate anti-money laundering controls and its misleading disclosures regarding ties to the Panama Papers.
The Swedish bank and its New York subsidiary agreed to the penalty to settle final U.S. probe tied to money laundering case, officials say.
businessworld
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