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..
(Reporting by Colm Fulton, editing by Johan Ahlander)
