About 8.2 billion Swedish crowns ($919 million) in suspicious funds may have flowed through Swedish bank SEB between 2007 and 2016, Swedish Television (SVT) reported on Wednesday.
FILE PHOTO: SEB bank sign is seen on the bank's building in Tallinn, Estonia December 1, 2019. REUTERS/Ints Kalnins
The allegations were based on leaked suspicious activity reports filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network , which were reported by U.S. and other media on Sunday. “The information that Uppdrag Granskning presents in its programme does not contain any news for the bank,” SEB said in a statement.
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. However, it is unclear whether the transactions reported by SVT are known to the Swedish FSA or covered in its previous investigation. The FSA told Reuters it was reviewing the SVT report and would comment later.
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