Sweden’s financial watchdog said on Tuesday it had fined banking groups Nordea and Handelsbanken for not adhering to laws on money laundering.
Nordea, the Nordic region’s biggest banking group, was fined the maximum amount of 50 million crowns ($6.1 million) and Handelsbanken 35 million.
The FSA said there had been major deficiencies in Nordea’s work to prevent money laundering.
“This means there is a high probability that if people have tried to launder money or finance ..
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