Overview
SEB is a major Swedish bank with a New York branch, active in Nordic and Baltic banking markets.
Recent Developments
- 2026-10-15: Agreed to pay $33M to nydfs for historical BSA/AML program failures (2015–2019)—inadequate CDD, correspondent-bank diligence gaps, and weak transaction monitoring in Estonia, Latvia, and Lithuania; matter traced to Panama Papers–era DFS reviews (2026-10-16-nydfs-fines-seb-33m-aml, 2026-10-16-nydfs-seb-consent-order-press)
- 2026-10-15: U.S. DOJ closed its review without action; SEB states U.S. AML matters concluded (2026-10-16-seb-dfs-resolution-official)