All Sweden articles

  • Swedbankcrop
    Article

    Swedish regulator fines Swedbank record $390M for AML deficiencies

    2020-03-20T15:07:00Z

    Swedbank AB has been issued a record 4 billion Swedish Krona (U.S. $390 million) administrative fine for what Sweden’s financial watchdog called “serious deficiencies in its management of the risk of money laundering in its Baltic operations.”

  • Google building
    Article

    Swedish watchdog fines Google $7.6M for GDPR non-compliance

    2020-03-12T19:02:00Z

    Google has received its second fine to date for violating Europe’s General Data Protection Regulation; Sweden’s Data Protection Authority fined the internet giant 75 million Swedish Kroner (U.S. $7.6 million).

  • Swedbankcrop
    Article

    Swedbank announces governance overhaul, launches culture probe

    2019-12-10T18:18:00Z

    Swedbank CEO Jens Henriksson announced the financial institution is making some major organizational changes “to create simpler and clearer decision-making structures to facilitate the realization of the bank’s strategy.”

  • Kroner
    Article

    Ericsson reserves $1.2B in FCPA case; speaks candidly on compliance program

    2019-09-27T14:07:00Z

    Ericsson announced it has set aside $1.2 billion to resolve a long-running FCPA investigation that spans several geographies. CEO Börje Ekholm spoke candidly about the shortcomings of the company’s ethics and compliance program and how it’s addressing them. 

  • Swedbank_Automat
    Article

    Embattled Swedbank names permanent CCO

    2019-09-19T13:52:00Z

    Faced with numerous AML investigations, Swedbank made several significant moves this week, including naming a permanent CCO and agreeing to waive attorney-client privilege by handing over an internal report to local prosecutors.

  • Blog post

    Hosted hunting trips in Sweden and Texas

    2017-01-30T10:45:00Z

    Tom Fox explores the ethical implications of hosted hunting trips and specifically the case of Fredrik Lundberg, chairman of Sweden-based Industrivarden, and Anders Borg, the former finance minister of that country, who was given just such a trip by Lundberg.