SEB to Pay $33M to US Authorities Over AML Failures in Baltic Subsidiaries

Swedish bank SEB agreed to pay $33 million to US authorities to settle allegations of inadequate anti-money laundering controls in its Baltic subsidiaries. The settlement follows a pattern of Nordic banks facing US penalties for AML deficiencies in the Baltics, but this is a notable enforcement action against a major regional lender. The fine is modest relative to SEB's size, but signals continued US scrutiny of regional financial compliance.