Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence

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Major Swedish Bank Fined $386 Million USD for Hiding Money-Laundering EvidenceSweden’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 USD 6 billion had been funneled between suspected accounts.

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