Posts tagged as Baltic banking

SEB bank hit with huge fine in Sweden over Baltic banking mistakes

Friday, June 26, 2020

Sweden’s financial supervisory authority, Finansinspektionen (FI), said June 25 it was fining SEB bank 1 billion krona (960 million euros) for “deficiencies in its work to combat anti-money laundering in the Baltics”. “SEB has not sufficiently identified the risk of money laundering in its Baltic operations and has had deficiencies in its governance and control of the Baltic subsidiary banks’ anti-money laundering measures. SEB is therefore being issued a remark…