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BREAKING NEWS

Swedbank confident about its anti-money laundering measures

Swedbank confident about its anti-money laundering measures
FILE PHOTO: Swedbank's logo is pictured on its Lithuanian headquarters in Vilnius, Lithuania, in this May 10, 2014 file photo. REUTERS/Ints Kalnins/File Photo -
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Ints Kalnins(Reuters)
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STOCKHOLM (Reuters) - Swedbank's top executive said on Wednesday she was confident with the bank's actions to prevent money laundering and report suspicious transactions but could not promise that nothing had slipped through the net.

"When we have identified suspicious transactions or suspicious activities of any kind we have acted by conducting in-depth reviews, and where appropriate we have reported them to the authorities," CEO Birgitte Bonnesen told reporters and analysts during a conference call.

However, she said she could not guarantee the bank had been able to pick up everything. "Was there any risk that a payment in 2007 slipped through? Yes, there is a risk," she said.

(Reporting by Johan Ahlander and Simon Johnson; Editing by Edmund Blair)

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