meta_id 3249977

On June 17, 2026, the Swedish Financial Supervisory Authority (Finansinspektionen) issued Ikano Bank AB (Ikano) an administrative fine of 140 million Swedish kronor and a remark for violations of anti-money laundering and counter-terrorist financing regulations. Finansinspektionen conducted an investigation into Ikano's compliance with the Anti-Money Laundering and Counter-Terrorist Financing Act (2017:630). The investigation identified multiple breaches. Ikano failed to conduct a separate, comprehensive and realistic assessment of how its products—including loans, deposit accounts, invoice purchases, factoring, and leasing offered to corporate clients—could be misused for terrorist financing. The bank also did not adequately consider risk factors linked to corporate customers or incorporate information from authorities regarding money laundering and terrorist financing risks into its general risk assessment. These deficiencies prevented Ikano from designing a general risk assessment that could serve as a basis for procedures, guidelines and measures to prevent money laundering and terrorist financing. Additionally, Finansinspektionen found that Ikano failed to implement enhanced customer due diligence measures necessary to obtain adequate knowledge about customers associated with high money laundering and terrorist financing risks. Finansinspektionen determined that the violations did not warrant withdrawal of Ikano's banking authorisation or issuance of a warning. The authority issued the remark accompanied by the administrative fine as an adequate intervention. Ikano holds authorisation to conduct banking business under the Banking and Financing Business Act (2004:297). REFERENCES: Finansinspektionen. "Ikano Bank receives a remark and an administrative fine." June 17, 2026. https://www.fi.se/en/published/news/2026/ikano-bank-receives-a-remark-and-an-administrative-fine/