Comment on AML focus in Swedish media
On Wednesday, February 20, “Uppdrag granskning”, the Swedish public television service’s news program, focus on money-laundering. The program is based on disclosures related to Danske Bank, but also focuses on Swedbank.
One of our main messages in the dialogue with “Uppdrag granskning” has been that what we said last autumn about money-laundering remains true now:
Money-laundering is a serious crime that is one of the toughest challenges faced by our industry today. Preventing and averting money-laundering is one of our top priorities.
When we get warning signs from our systems and processes, or externally, we take action. That was true when we said it last autumn and it remains true today.
“We are confident with our systems and processes we have to prevent and avert money-laundering. When we get signs, we take action. At the same time, we recognise that this kind of serious crime is one of the toughest challenges that our industry faces today,” says Gabriel Francke Rodau, Head of Group Communication.
Swedbank is unable to comment on all of the information in the program. This is partly due to bank secrecy, but also because of the fact that, in accordance with the Swedish Act on Measures against Money-Laundering and Terrorist Financing, it is illegal to inform a customer or a third party that reporting to the financial police service has occurred.
For further information:
Gabriel Francke Rodau, Head of Communication, Swedbank, ph. +46 70 144 89 66