SEB money-laundering problems 'not new', says Swedish FSA

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“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..

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