(Bloomberg) — Sweden’s financial watchdog said deficiencies it found while investigating Swedbank AB’s money-laundering defenses could be serious enough to warrant sanctions.The Swedish Financial Supervisory Authority, or Finansinspektionen (FI) has opened a so-called sanction case as part of its ongoing probe into the country’s oldest bank, it said in a statement on Tuesday. The FSA in Estonia took a similar step, according to a separate announcement.“Inherent in this decision is that FI considers there to be sufficient grounds for assessing whether the deficiencies and weaknesses observed during the investigation should lead to a sanction or if the investigation should be …read more
Source:: Yahoo Finance
