Swedbank CEO dismissed

It has been reported today that Swedbank’s CEO Birgitte Bonnesen was fired as a result of the allegations and investigations around the Russian Laundromat which started when Danske Bank was accused of laundering Russian money on its Estonian Branch.

This new development shows that the initial assessment over the extend and implication of money laundering in the Nordic countries was  not accurate and reinforces the European idea to supervise, at Union level, all financial institution’s compliance, regulatory and AML effectiveness.

This new idea comes as some reports highlights that  local governments can see their judgement reduced/limited or compromised given their need to protect the local market.



Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.

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