Op risk data: Losses plummet during lockdown
Also: Wirecard dominates legacy losses; SEB hit with massive AML fine. Data by ORX News
Jump to In focus: H1 op risk losses | Spotlight: SEC fines Telegram
June’s largest loss was Nordic lender SEB’s $107 million fine for anti-money laundering failures in its Baltic operations. This is the second fine for AML failure handed out this year by the Swedish regulator (FI), which in March fined Swedbank $397 million for similar failures in its Baltic subsidiaries.
FI’s investigation covered the period between 2015 and the first quarter of 2019, in which period it found the bank had
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