18/11/2019
Finantsinspektsioon decided to end its misdemeanour case against Swedbank in order to support the ongoing criminal case started by the state prosecutor and to avoid the risk of there being two cases for the same offence.
Finantsinspektsioon started its case on 28 October to investigate evidence of a misdemeanour that appeared at Swedbank during a financial supervisory investigation into compliance with anti-money laundering rules. As evidence of criminal activity had also appeared, Finantsinspektsioon decided to close its misdemeanour case to let the criminal case take priority. Finantsinspektsioon is working with the state prosecutor to further the criminal investigation.
Finantsinspektsioon also currently has an ongoing financial supervision investigation against Swedbank that aims to steer the behaviour of the bank in order to maintain financial stability and transparency in the market, and that case continues.
Finantsinspektsioon works closely with the financial supervisory authorities in Sweden and the other Baltic states, and coordinates activities with those institutions and shares information and assessments.