What happened
SEB and its New York Branch have agreed to pay a $33 million penalty to the New York State Department of Financial Services to resolve an investigation into anti-money laundering program failures.
Named in this item
STATUS
NAME
ISO
PROGRAM
IDENTIFIER
Kaitlin Asrow
Person, regulator US New York Banking Law —
Person, regulator US New York Banking Law —
New York State Department of Financial Services
Organization, regulator US New York Banking Law —
Organization, regulator US New York Banking Law —
What compliance teams should check
- Review SEB relationships for AML risk exposure
- Assess controls for compliance with New York Banking Law
- Update monitoring for enforcement actions by NYDFS
FOR COMPLIANCE TEAMS
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New York State Department of Financial Services (DFS) Acting Superintendent Kaitlin Asrow announced today that Skandinaviska Enskilda Banken AB and its New York Branch (together, SEB or the Bank) have agreed to pay a $33 million penalty as part of a Consent Order to resolve the Department’s investigation into SEB’s compliance with New York Banking Law and anti-money laundering program failures.Finextra, 15 Oct 2026, 15:05 UTC, finextra.com