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Published: 2020-09-23 12:56
STOCKHOLM 20201029 SEB CEO Johan Torgeby. Photo: Stina Stjernkvist / Code TT 11610
SEB comments on the suspicions of money laundering and affirms that the information is not news to the bank.
At the same time, a boot is handed over to SVT Assignment Review, which revealed the news.
The descriptions are neither fair nor objective, according to the bank.
During the morning, the news arrived that the main US banks were warning about the suspicion of money laundering that was taking place in the SEB. A total of SEK 8.2 billion must have been channeled through the bank between 2007 and 2016, according to SVT Assignment Review.
Now SEB comments on the information on the website:
“The information that Assignment Review presents in its program is not news to the bank. We have reported on how our flows have looked historically, and we also have an ongoing dialogue with our supervisory authorities in all the markets in which we operate. In the fall of 2019, we published historical transaction data on so-called non-resident clients and low-transparency clients at SEB in Estonia, which is the country where SEB has historically had the most such clients. In this data, it can be seen that in the early 2000s there were customer relationships in which most of the historical payment flows analyzed did not meet the current requirements for transparency and / or connection to actual business operations. It also shows that SEB since 2006 has worked in a structured and purposeful manner to reduce the risks of being used for money laundering in the Baltics, and that the bank’s risk exposure to these clients has been low and has decreased over time. ”Writes SEB.
The bank also notes that Finansinspektionen and the supervisory authorities of the Baltic countries recently closed their supervisory matters related to the protection of SEB against money laundering in the Baltic countries.
Counter these types of crimes
“Both the supervisory authorities and ourselves have also emphasized that the entire financial system, including the SEB, must continue working to improve the fight against this type of crime,” writes the SEB.
In an account of how the bank works to prevent money laundering, SEB writes that over the past ten years, SEB Baltikum has reported more than 7,000 complaints of suspicion to the financial police and that the bank is exposed every day to new attempts. by criminal elements who want to use the bank.
Not a fair description
“We do not consider the description of the review of the transfer of SEB’s history and our statements to be accurate. We also do not believe that the angles made by the allocation review are objective and do not include the responses that SEB has given to the program. SEB has responded in detail to the questions that Assignment Review has asked, and we choose to respond in whatever way we deem most appropriate. As the leaked suspicious reports constitute police intelligence material, we will not participate or comment on the information they contain, ”the bank continues.
When asked if SEB can guarantee that the bank is not subject to money laundering, the bank responds:
“We cannot. No bank can do that, and we have repeatedly emphasized this in our communication on this topic. As long as there is crime in the world, criminals will unfortunately try to enter the financial system …”
