Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Swedbank Latvia AS
Penalty: $3,430,900
Year: 2023
Date: June 20, 2023
Offense Group: financial offenses
Primary Offense: economic sanction violation
Violation Description: Swedbank Latvia AS, which is headquartered in Riga, Latvia and is a subsidiary of Swedbank AB, an international financial institution headquartered in Stockholm, Sweden, has agreed to remit $3,430,900 to settle its potential civil liability for 386 apparent violations of OFAC sanctions on Crimea.
Level of Government: federal
Action Type: agency action
Agency: Office of Foreign Assets Control
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.