Skandinaviska Enskilda Banken AB and its New York branch, together referred to as SEB, have agreed to pay a $33 million penalty to resolve a New York State Department of Financial Services investigation, according to Techub News citing Finextra Crypto. The announcement was made by NYDFS Acting Superintendent Kaitlin Asrow. The case concerns violations tied to SEB’s compliance with New York banking law and its anti-money laundering program. The settlement closes the department’s investigation into those issues. No additional details on the underlying conduct or timeline were provided in the source brief. The report identifies the regulator, the institution involved, the amount of the penalty, and the legal and compliance areas cited in the investigation.
Skandinaviska Enskilda Banken AB and its New York branch, together referred to as SEB, have agreed to pay a $33 million penalty to the New York State Department of Financial Services, according to Techub News, which cited Finextra Crypto.
NYDFS Acting Superintendent Kaitlin Asrow said the payment will resolve the department’s investigation into violations related to SEB’s compliance with New York banking law and its anti-money laundering program.
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