Nordea, Handelsbanken to face no new punishment over Panama Papers scandal

No Comment 19 Views

Swedish lenders Nordea and Handelsbanken will face no further sanctions for their involvement in the Panama Papers scandal as they had already been fined and acted to remedy the shortcomings, the country’s financial watchdog said on Friday.

The financial watchdog opened investigations into all four major Swedish banks after they appeared in a leak of more than 11.5 million documents last year from the files of law firm Mossack Fonseca, based in Panama.

While the probe of Handelsbanken and Nordea has now been wrapped up, investigations into Swedbank and SEB are continuing, the FSA said.

Read more here:

Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.

Share This Page
Industry Webinars
FEATURED Solutions
Learn About RDC