TIDMSEBA
Press release
Stockholm 25 June 2020
SEB has received the decision by the Swedish Financial Supervisory
Authority (FSA) following its supervisory review of SEB's routines and
processes with regards to the regulatory frameworks that govern
anti-money laundering. The Swedish FSA has decided to issue SEB a remark,
which is a lower degree of an administrative sanction that is issued
when a breach has not been deemed to be serious. The FSA has also
decided to issue SEB an administrative fine of SEK 1bn, which
corresponds to about 14 percent of the maximum amount the FSA can impose
in this case, as well as a precept to take certain measures to improve
its transaction monitoring.
"SEB will now analyse the decision and revert with the bank's view. We
always strive to adhere to current regulations and our high internal
standards, and we continuously develop the bank's abilities to prevent,
detect and report suspected money laundering and other types of
financial crime. That work is of highest priority and will never end,
not least since crime constantly finds new ways", says President and CEO
Johan Torgeby.
The Swedish FSA has conducted its reviews in cooperation with the Baltic
supervisory authorities. All Swedish and Baltic supervisory authorities
have hereby concluded their reviews regarding SEB's anti-money
laundering work.
For further information, please Press contact
contact Niklas Magnusson, Group Press
Frank Hojem, Head of Corporate Officer
Communication +46 (0)70 763 8243
+46 (0)70 763 9947 mailto:niklas.x.magnusson@seb.se
mailto:frank.hojem@seb.se frank.hojem@seb.se niklas.x.magnusson@seb.se
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This is information that Skandinaviska Enskilda Banken AB (publ.) is
obliged to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of the
contact persons set out above, at 15.30 CET, on 25 June 2020.
SEB is a leading Nordic financial services group with a strong belief
that entrepreneurial minds and innovative companies are key in creating
a better world. SEB takes a long term perspective and supports its
customers in good times and bad. In Sweden and the Baltic countries, SEB
offers financial advice and a wide range of financial services. In
Denmark, Finland, Norway, Germany and the United Kingdom, the bank's
operations have a strong focus on corporate and investment banking based
on a full-service offering to corporate and institutional clients. The
international nature of SEB's business is reflected in its presence in
some 20 countries worldwide. On March 31, 2020, the Group's total assets
amounted to SEK 3,286 billion while its assets under management totalled
SEK 1,758 billion. The Group has around 15,000 employees. Read more
about SEB at
https://www.globenewswire.com/Tracker?data=tPThF6RB5ZMLh-rioO33sonodUipm0z3TMHfzk0Vl4zwKbkrK6v9zgHDAvJElU3e_ufdh2TN8p5KAriIzkIKXleZmDmBWZFA7Tgw9XA03rQ=
https://www.sebgroup.com.
Attachment
-- SEB comments on the decision from the Swedish FSA
https://ml-eu.globenewswire.com/Resource/Download/5f02afe7-81f0-48e9-9d69-89ea75bfe872