SEB SEK 1 billion AML sanction

Summary

Sweden's Finansinspektionen found deficiencies in SEB's governance and control of anti-money-laundering measures in its Baltic subsidiaries and shortcomings in transaction monitoring in Sweden. In June 2020 FI issued a remark and imposed an administrative fine of SEK 1 billion. Source: https://www.fi.se/en/published/sanctions/financial-firms/2020/seb-receives-remark-and-administrative-fine-of-sek-1-billion/