REGULATION · US
Swedbank pays $50M to settle New York AML investigation
New York State Department of Financial Services imposed a $50 million penalty on Swedbank AB and its New York branch for withholding information during an anti-money-laundering probe linked to the Panama Papers.
WHY IT MATTERS
Reinforces DFS willingness to penalize compliance failures; signals heightened scrutiny of cross-border fund flows and information disclosure at large global banks.
Source: PYMNTS · 2026-07-27