STOCKHOLM (Reuters) – Sweden’s monetary watchdog stated on Wednesday that it was well-known that lender SEB had previous deficiencies relating to money-laundering within the Baltics after Swedish Tv (SVT) aired a programme saying 8.2 billion Swedish crowns ($919 million) in suspicious funds had handed by the financial institution.
“The truth that there was suspected illicit monetary flows by SEB within the Baltic area is one thing that has been reported on…so in that sense this info is just not new,” the FSA informed Reuters.
SEB was fined 1 billion crowns by Sweden’s monetary watchdog in June for failures in compliance and governance in relation to anti-money-laundering controls within the Baltics..
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