Zero track of money laundering at Nordea – Swedish Dagbladet

Even for high-risk customers in countries such as Libya and Pakistan.

FI’s review of a hundred samples are clear. Nordea missing during the years 2012-2013, in principle entirely specific checks of customer types which are considered as high-risk clients in terms of money laundering and terrorist financing. Additionally missing bank basically brand monitoring activities.

– Nordea’s systems have thus basically released through anything, say FI’s General Counsel Per Håkansson.

Minister Anders Ygeman (S) think that what emerges from FI’s investigation is offensive.

– It is obvious that there is a risk that terrorism and serious organized crime financed from Sweden, he says.

He excludes not that it may require more stringent penalties for banks that fail the checks.

– If it turns out that banks are not serious, and it turns out that the sanctions will be ineffective, so we have to think about it.

The competitors Swedbank and SEB are considered as meeting the regulations. Handelsbanken also got stuck in the review, but get off with a reprimand and a fine of 35 million crowns. Nordea ended FI’s review with a warning, and the maximum possible penalty of 50 million.

– We accept FI’s decision. We understand that. There have been deficiencies, says Nordea boss Christian Clausen said.

Nordea and Handelsbanken has now launched major action to rectify the deficiencies, according to FI.

– We will working very actively in supervision to ensure that they actually implement these plans now, said FI’s acting Director General Martin Noréus.

This includes about getting to the IT system that makes it possible to examining suspicious transactions.

Penalty charges that have now been decided, if banks continue to cut corners to be significantly greater in the future, then the regulations last year were tightened considerably in comparison with the terms for the years that have been investigated.

– In the new regulatory framework, it is possible to charge substantially higher penalties, up to 10 percent of sales, says Noréus.

Nordea would in that case be about a multi-billion bang.

According to FI’s calculations washed at least 100 billion in Sweden each year, while the amount that goes to terrorist financing are more limited.