SEB controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Swedish regulator fines SEB over Baltic AML compliance failures
Fine or penalty
Sweden's financial supervisory authority fined SEB 1 billion kronor over failures in compliance and governance tied to anti-money-laundering regulations in the Baltics. The penalty concerned shortcomings in how the bank handled anti-money-laundering requirements in the region. In response to the decision, SEB stated that it would analyze the regulator's ruling. The event was reported on 25 June 2020.
Sweden's financial watchdog fined SEB 1 billion kronor for compliance and governance failures related to anti-money-laundering regulations in the Baltics. SEB said it would analyze the decision.
Company response
Ongoing disclosure — SEB
SEB said it would now analyze the decision.
Source excerpt
SEB said it would now analyze the decision.
Sweden's financial watchdog on Thursday fined lender SEB 1 billion crowns (EUR 95 million) for failures in compliance and governance in relation to anti-money laundering regulations in the Baltics, informs LETA/REUTERS.