SEB Reaches $33 Million Settlement with New York Regulator Following Review of Historical Processes

10:19 AM EDT, 10/15/2026 (MT Newswires) -- Skandinaviska Enskilda Banken AB (SEB-A.ST, SEB-C.ST), or SEB, will pay a total of $33 million as part of a resolution with the New York State Department of Financial Services in the US concerning its historical processes. The Swedish bank said Thursday the resolution follows a review of its former procedures and processes for customer due diligence and transaction monitoring in the Baltics from 2015 to 2019. It expects the cost, which will be reflected in the fourth-quarter operating expenses, to have a limited impact. The US Department of Justice also ended its review without taking any action, concluding the US matters linked to SEB's historical anti-money laundering measures.