UNICORN PRIVATE Sanctions fines in Sweden: cases and penalties
No conviction or fine by Swedish authorities was found, only investigations.
In short
Published cases on this page: 1. Authorities: 1. Years: 2023 to 2023.
In the United States (OFAC, BIS) and in the United Kingdom (OFSI, since 15 June 2022) civil liability is strict: a company can be fined even if it did not know that the counterparty was sanctioned.
Amounts are shown in the currency of the decision and are never converted.
Good to know
- The only case linked to Sweden is a decision of the US Treasury (OFAC) on Swedbank Latvia AS, the Latvian subsidiary of Swedbank AB.
Cases
Cases shown: 1 of 1
| Sector | What happened | |||||
|---|---|---|---|---|---|---|
| Swedbank Latvia AS (Swedbank AB)Civil enforcement action (penalty or settlement) | Sweden (group) / Latvia | Banks and financial intermediaries | OFAC (US Treasury) | $3,430,900 | A shipping client used the bank's e-banking from Crimea to send payments to persons in Crimea through US correspondent banks. Official source verified on November 13, 2026 |
Select a column heading to sort the table. Amounts are shown in the currency of the decision and are never converted.
Totals by year and by authority
Sums of the amounts imposed on companies in this list, by currency, never converted. Not included: breaches published without a fine, anti money laundering penalties, confiscations and amounts imposed on individuals. A total marked about or more than includes an amount that the source gives as approximate or as a minimum.
By year
| Year | Cases | Total |
|---|---|---|
| 2023 | 1 | $3,430,900 |
By authority
| Authority | Cases | Total |
|---|---|---|
| OFAC (US Treasury) | 1 | $3,430,900 |
Maximum penalties set by law
Maximums in the law, as verified on the official texts linked:
- European Union, Directive (EU) 2024/1226: each Member State must provide, for companies, maximum fines of no less than 5% of worldwide turnover or €40 million (1% or €8 million for some reporting obligations), and for individuals maximum prison terms of at least 5 years for the main offences above €100,000 and for military or dual-use goods. The offences require intent (serious negligence for military and dual-use goods). Transposition deadline: 20 May 2025. (Official source)
- Sweden, Act (2025:327) on international sanctions, in force since 10 June 2025 and transposing the directive: up to 3 years in prison, serious offences 2 to 6 years. (Official source)
Frequently asked questions
How much can a company be fined for sanctions breaches in Sweden?
European Union, Directive (EU) 2024/1226: each Member State must provide, for companies, maximum fines of no less than 5% of worldwide turnover or €40 million (1% or €8 million for some reporting obligations), and for individuals maximum prison terms of at least 5 years for the main offences above €100,000 and for military or dual-use goods. The offences require intent (serious negligence for military and dual-use goods). Transposition deadline: 20 May 2025. Sweden, Act (2025:327) on international sanctions, in force since 10 June 2025 and transposing the directive: up to 3 years in prison, serious offences 2 to 6 years.
Which companies have been fined in cases involving this country?
This page lists 1 published cases. The largest amounts are: Swedbank Latvia AS (Swedbank AB) (OFAC (US Treasury), June 20, 2023): $3,430,900. The only case linked to Sweden is a decision of the US Treasury (OFAC) on Swedbank Latvia AS, the Latvian subsidiary of Swedbank AB.
Has Sweden transposed the EU sanctions directive?
Yes: the Act (2025:327) on international sanctions entered into force on 10 June 2025.
Who has fined a Swedish group for sanctions breaches?
In this list only the US Treasury (OFAC), in the case of Swedbank Latvia AS.
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List not exhaustive, based on public official sources. Date of the last verification: November 13, 2026.
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