Sweden awaits decision on SEB bank in fraud case

On June 25, a decision will be made regarding measures to impose penalties on the Swedish bank SEB, which is suspected of evading money laundering in the Baltic countries. The decision of the Swedish Financial and Insurance Supervision Authority will be announced after an additional meeting of the board of directors. SEB is expected to be fined several billion Swedish kroner. This was announced on June 25 by the Swedish news service Sveriges Radio. Recall that after publications in the media about the possible involvement of Swedish banks in money laundering in transactions in the Baltic countries, the Swedish Financial and Insurance Supervision Authority immediately organized an audit to detect abuses. SEB was not the only Swedish financial institution to be affected. In March of this year, Swedish supervisory authorities already issued a warning against another Swedbank bank and fined it 4 billion Swedish kroner ($429 million). A decision on SEB is expected on June 25. In the Swedbank case, we saw that about 4 billion crowns came out. I do not think that SEB will be fined so much, but still the amount of the fine can reach about a billion, said analyst Andreas Hokansson of Danske Bank.