“The programme showed us nothing new which we need to act on today,” SEB Chief Executive Johan Torgeby told Reuters after SVT reported that an SEB client list contained “red flags” – names associated with well-known proxies for Russian non-resident companies suspected of money laundering. SEB had managed to stay clear of a long-running Baltic money scandal which has hit rivals Swedbank and Danske Bank. SVT’s report said transactions through 194 SEB accounts included around 475 million Swedish crowns ($49 million) connected to the so-called Magnitsky affair.
