April 25 (Reuters) - Swedbank AB ::SWEDBANK ACTING CEO SAYS BANK BEING PROBED BY MORE THAN ONE U.S. REGULATOR.
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April 25 (Reuters) - Swedbank AB ::SWEDBANK ACTING CEO SAYS U.S. AUTHORITIES ASKING QUESTIONS ABOUT TRANSACTIONS, CUSTOMERS.
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April 25 (Reuters) - Swedbank AB ::SWEDBANK ACTING CEO SAYS ESTIMATES THAT ABOUT 650 MILLION SEK OF 1 BILLION PROJECTED COST INCREASE IS RELATED TO WORK AGAINST MONEY LAUNDERING.SWEDBANK ACTING CEO SAYS HAVE SEEN WORRIED CUSTOMERS DURING THE QUARTER THAT HAVE ASKED A LOT OF QUESTIONS ON MONEY LAUNDERING.SWEDBANK ACTING CEO SAYS DUE TO REGULATIONS I CAN'T GO INTO ANY DETAILS ON THE INTERACTION WITH U.S. AUTHORITIES.
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April 25 (Reuters) - Swedbank AB ::SAYS ANTI-FINANCIAL CRIME UNIT (AFC) WITHIN BANK, WHICH WILL BRING TOGETHER TECHNOLOGY AND INVESTIGATIVE RESOURCES AND COMPETENCE CONNECTED TO FINANCIAL CRIME.SAYS UNIT WILL HAVE OVERALL RESPONSIBILITY FOR BANK'S AML PROCESSES INCLUDING FRAMEWORK AND PROCESSES FOR KYC, RISK CLASSIFICATION, TRANSACTION MONITORING AND REPORTING TO AUTHORITIES.SAYS IS COOPERATING FULLY WITH AUTHORITIES IN SWEDEN, BALTICS AND UNITED STATES THAT ARE CONDUCTING INVESTIGATIONS REGARDING HISTORICAL AML.SAYS IN THIS WORK, SWEDBANK HAS APPOINTED EXTERNAL ADVISORS INCLUDING INTERNATIONAL LAW FIRM CLIFFORD CHANCE, WHICH IS LEADING ONGOING INTERNAL INVESTIGATION.SAYS IN THEIR WORK, CLIFFORD CHANCE HAS APPOINTED INTERNATIONAL CONSULTANCY FIRM FTI TO SUPPORT THEM WITH FORENSIC EXPERTISE.SAYS BOARD OF DIRECTORS HAS THEREFORE TAKEN DECISION TO APPOINT ATTORNEY BIÖRN RIESE AS AN EXTERNAL LEGAL ADVISOR TO SUPPORT BOARD OF DIRECTORS IN ONGOING INVESTIGATION AND WORK GOING FORWARD.SAYS SINCE THERE ALREADY ARE SEVERAL INTERNAL AND EXTERNAL ONGOING INVESTIGATIONS, BOARD OF DIRECTORS WILL AT THIS POINT OF TIME NOT INITIATE ANY ADDITIONAL INVESTIGATIONS.SAYS INTERNAL INVESTIGATION WILL INCLUDE REVIEW OF BANK'S CURRENT AND HISTORICAL CUSTOMER RELATIONSHIPS IN ITS BALTIC SUBSIDIARIES, PRELIMINARY FINDINGS FROM PRIOR INTERNAL REVIEWS, BANK'S RESPONSE TO RECOMMENDATIONS.SAYS CLIFFORD CHANCE IS ALSO SUPPORTING BANK IN COMMUNICATIONS WITH U.S. AUTHORITIES.
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March 28 (Reuters) - Swedbank AB ::SWEDBANK INVESTORS, REPRESENTING MAJORITY OF SHARES PRESENT AT AGM, SAY WILL VOTE FOR GRANTING BOARD FREEDOM FROM LIABILITY FOR 2018.SWEDBANK INVESTORS, REPRESENTING MAJORITY OF SHARES PRESENT AT AGM, SAY WILL VOTE AGAINST GRANTING FORMER CEO FREEDOM FROM LIABILITY FOR 2018.SWEDBANK AGM VOTES FOR GRANTING BOARD CHAIRMAN FREEDOM FROM LIABILITY FOR 2018.
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March 28 (Reuters) - Swedbank AB ::SWEDBANK INVESTOR AP1 SAYS WILL VOTE AGAINST GRANTING CEO FREEDOM FROM LIABILITY FOR 2018 AT AGM.SWEDBANK INVESTOR AP1 SAYS WILL VOTE FOR GRANTING BOARD FREEDOM FROM LIABILITY FOR 2018 AT AGM.
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March 26 (Reuters) - Swedbank AB ::THE SWEDBANK NOMINATION COMMITTEE PROPOSE TO STRENGTHEN THE BOARD OF DIRECTORS.THE SWEDBANK NOMINATION COMMITTEE PROPOSE TO STRENGTHEN THE BOARD OF DIRECTORS.SWEDBANK - NOMINATION COMMITTEE NOW PROPOSES NEW ELECTION OF KERSTIN HERMANSSON AS A BOARD MEMBER, IN ADDITION TO PREVIOUS PROPOSAL, WHICH WAS PUBLISHED ON FEBRUARY 12, 2019.SWEDBANK - PROPOSAL MEANS THAT NUMBER OF BOARD MEMBERS ELECTED BY AGM IN SWEDBANK WILL BE INCREASED FROM NINE TO TEN PERSONS.SWEDBANK - KERSTIN HERMANSSON WILL CONTRIBUTE TO WORK OF BOARD ON ITS COMPETENCE IN MATTERS RELATING TO REGULATORY COMPLIANCE AND SECURITIES ISSUES.
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March 26 (Reuters) - Swedbank AB ::SWEDBANK SAYS HAS NOT DENIED HIGH RISK, NON-RESIDENT CLIENTS EXISTED AT THE BANK.SWEDBANK SAYS SAYS DRAFT REPORT HAS BEEN MADE AVAILABLE TO AUTHORITIES.SWEDBANK SAYS DRAFT REPORT HAS BEEN INCLUDED IN WIDER INVESTIGATION ANNOUNCED LAST WEEK.SWEDBANK SAYS DRAFT REPORT AN EXAMPLE OF SEEKING EXTERNAL HELP TO EXAMINE IF BANK HAD BEEN USED FOR SUSPECTED MONEY-LAUNDERING.SWEDBANK SAYS IMPORTANT THAT WE CONTINUE TO MAKE DEEPER ANALYSIS AND CONTINUE TO WORK WITH EXTERNAL PARTNERS AND AUTHORITIES.
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March 15 (Reuters) - ALECTA::SWEDBANK INVESTOR ALECTA SAYS WE ASSUME THAT THE INTERNAL REPORT SWEDBANK PRODUCED DURING THE AUTUMN OF 2018 IS PART OF THE SWEDISH FSA'S MATERIAL AS WELL AS THE EXTERNAL REVIEW.
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Jan 9 (Reuters) - Swedbank AB ::CHANGES IN THE BOARD OF DIRECTORS OF SWEDBANK.SAYS ANNIKA POUTIAINEN, MEMBER OF BOARD OF DIRECTORS OF SWEDBANK, HAS DECIDED TO LEAVE BOARD OF DIRECTORS AS OF TODAY.SAYS DECISION IS A CONSEQUENCE OF FACT THAT COUNCIL FOR SWEDISH FINANCIAL REPORTING SUPERVISION, FOR WHICH ANNIKA POUTIAINEN IS CHAIR, WILL TAKE OVER FULL RESPONSIBILITY FOR ACCOUNTING SUPERVISION IN SWEDEN.
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