Swedbank fights crime with Norkom

Nordic bank Swedbank is beefing up its anti-money laundering regulation compliance with Norkom Technologies software, which will monitor transactions across all customers and accounts to detect, investigate, manage and report suspected money laundering attempts.

The bank will use Norkom's software across its group operations to increase its protection against financial crime and to ensure effective compliance with national and international regulations, including the Third EU Money Laundering Directive.

Katarina Bromé, head of operational risk and compliance at Swedbank, said: "Norkom has a strong international track record and a well-proven AML solution combined with competent and highly committed people. The flexibility of the solution to be extended into other areas of financial crime is also an important factor for Swedbank."