Published by Global Banking & Finance Review®
Posted on May 14, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleSweden's financial authority fined Swedbank $1.3 million for security protection violations between July 2022 and January 2024.
STOCKHOLM (Reuters) -Sweden's financial supervisory authority said on Wednesday it had fined Swedbank 12.5 million crowns ($1.29 million) for violations of security protection regulations between July 2022 and January 2024.
"The bank has not complied with rules on how companies that conduct security-sensitive activities should investigate the need for security protection and what a security protection analysis should contain," it said in a statement.
($1 = 9.7102 Swedish crowns)
(Reporting by Anna Ringstrom, editing by Terje Solsvik and Louise Rasmussen)
The main topic is the $1.3 million fine imposed on Swedbank by Sweden's financial watchdog for security protection violations.
Swedbank was fined for not complying with regulations on security protection analysis and investigation.
The exchange rate mentioned is $1 equals 9.7102 Swedish crowns.
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