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Swedish bank SEB confronted with client list linked to Estonian money laundering incident

( November 27, 2019, 10:42 GMT | Official Statement) -- MLex Summary: Swedish bank SEB has been confronted with a list of its own clients alleged to be linked to money laundering in Estonia. Television station SVT reported yesterday that it had obtained a list of 194 such clients, and its discovery of approximately $49.4 million connected to Russian account holders. SEB said today that it had previously failed to live up to regulatory requirements, but that its internal processes have since improved. Alongside SEB, numerous Baltic banks are currently embroiled in Europe's largest such scandal, which has spiraled out of reports of thousands of suspicious transactions involving more than 200 billion euros ($220 billion) routed through Danske Bank's Estonian division between 2007 and 2014.Statement follows....

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