TALLINN - The Estonian Financial Supervision Authority (FSA) has issued a precept to AS SEB Pank and a fine of million euros for breaches of anti-money laundering and terrorist financing rules.
The FSA identified during its supervisory proceedings inadequacies in SEB Pank activities in applying customer due diligence measures during customer on-boarding and throughout the business relationships. Shortcomings were also found in the reporting of suspicions of money laundering to the Financial Intelligence Unit.
A precept has been issued to the bank ...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our SUBSCRIPTION