SEB says no need for action over money laundering 'red flags' report

France Nouvelles Nouvelles

SEB says no need for action over money laundering 'red flags' report
France Dernières Nouvelles,France Actualités
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SEB said on Wednesday it saw no need for further action after a Swedish Televisi...

) said on Wednesday it saw no need for further action after a Swedish Television report said accounts at the bank had links to suspected money laundering in Estonia.

SVT said its report was based on a cache of leaked information provided by the Organized Crime and Corruption Project investigative reporting consortium. Russian lawyer Sergei Magnitsky was arrested in 2008 after accusing Russian officials of large-scale tax fraud. He died in a Moscow prison in 2009 after complaining of mistreatment.

SEB had said on Tuesday before the SVT show was aired that it had processed close to 26 billion euros from non-resident Estonian customers between 2005 and 2018 that would not meet its current standards of transparency.

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