SEB money-laundering problems 'not new', says Swedish FSA
Reuters
Published Sep 23, 2020 07:35AM ET
STOCKHOLM (Reuters) - Sweden's financial watchdog said on Wednesday that it was well known that lender SEB had past deficiencies regarding money-laundering in the Baltics after Swedish Television (SVT) aired a programme saying 8.2 billion Swedish crowns ($919 million) in suspicious funds had passed through the bank.
"The fact that there has been suspected illicit financial flows through SEB in the Baltic region is something that has been reported on...so in that sense this information is not new," the FSA told Reuters.
SEB was fined 1 billion crowns by Sweden's financial watchdog in June for failures in compliance and governance in relation to anti-money-laundering controls in the Baltics..
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.