CACEIS Insights

A Scandinavian bank is currently in the news because of money laundering practices. An incorrect application of anti-money laundering procedures of a foreign branch of the bank resulted in a new anti-money laundering scandal. As soon as this news became public, the bank’s share price dropped by 27%, impacting many investors. Class actions are being pursued against the bank and impacted investors can easily register to participate. The thresholds for participating in class actions are becoming lower, making participation increasingly more attractive.