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ING Groep NV was told to stop taking on new clients in Italy, in an unusual step for the country’s central bank, after it found shortcomings in money laundering checks at the country’s biggest online lender.
Sweden’s oldest bank may have handled considerably more in suspicious transactions tied to an Estonian money laundering scandal than first reported.
Swedbank’s chief executive is facing accusations of failing to tell the truth over the extent of its links to Danske Bank, dragging the Baltics’ biggest lender deeper into the region’s spiralling money laundering scandal.
Last Friday, European Union member states unanimously rejected a blacklist of countries identified as posing a high risk of money laundering or terrorist financing.
Last Friday, European Union member states unanimously rejected a blacklist of countries identified as posing a high risk of money laundering or terrorist financing.
News that the Swedish Financial Supervisory Authority is to investigate Swedbank over allegations of money laundering is grave indeed.
The news about Europe’s banks never seems to be any good. Long before the latest scandals over money laundering, the continent’s biggest lenders have been caroming from crisis to crisis, with a revolving-door roster of chief executives and seemingly endless resets of strategy.
STOCKHOLM (Reuters) - Denmark’s financial watchdog said on Wednesday a Danish branch of Swedish bank SEB should obtain additional information on customers associated with high money-laundering risk as part of a check-up on the bank.