There may be grounds for sanctions against Swedbank , Sweden ’s Financial regulatory Authority has emerged . It follows claims the bank could have handled more than $ 500 of potentially suspicious funds as a result of links to Danske Bank ’s money laundering scandal . A fine could be up to 10 % of the bank ’s total annual income . Further investigations have been launched by regulatory authorities . Estonian regulators have also investigated “ allegations of a misdemeanour ” . Swedbank shares fell 4 % to reach the bottom of Bloomberg ’s European financial stocks rankings and its market value has already fallen 30 % in 2019 .
There may be grounds for sanctions against Swedbank, Sweden’s Financial Supervisory Authority has said. It follows claims the bank could have handled more than $100bn of potentially suspicious funds as a result of links to Danske Bank’s money laundering scandal. A fine could be up to 10% of the bank’s total annual income. Further investigations have been launched by US authorities. Estonian regulators have also reported “evidence of a misdemeanour”. Swedbank shares fell 4% to reach the bottom of Bloomberg’s European financial stocks rankings and its market value has already fallen 30% in 2019.