Swedish bank SEB has agreed to pay $33 million to settle allegations by New York’s financial regulator regarding potential money laundering risks tied to its Baltic operations. The settlement follows an investigation into whether the bank adequately monitored transactions linked to high-risk sectors in the region. Authorities highlighted concerns over compliance failures that could have facilitated illicit financial activity. The penalty underscores growing scrutiny of European banks’ exposure to money-laundering vulnerabilities in emerging markets.
SEB pays $33 million to New York regulator over Baltic money laundering review Reuters
