It is very important for us to offer the best customer experience through trusting relationships and to protect and care for the assets of our customers.
SEB Pank applies the anti-money laundering and terrorist financing policy in accordance with the laws of the Republic of Estonia as well as local and international laws.
The main actions for the prevention of money laundering and terrorist financing are
- the Know Your Customer principle;
- monitoring the financial transactions of customers;
- identifying and preventing unusual and suspicious transactions;
- awareness and training of the employees of the bank;
- internal audits.
SEB Pank operates on the basis of strict ethical and moral norms and cooperates with customers whose funds and assets originate from clearly understandable sources and are legally non-questionable.
In its anti-money laundering operations, SEB Pank abides by the good banking practice agreed on in the Estonian Banking Association, the Money Laundering and Terrorist Financing Prevention Act, the Credit Institutions Act, the guidelines of the Financial Supervision Authority (PDF), the Tax Information Exchange Act, and other European regulations and guidelines.
The Money Laundering and Terrorist Financing Prevention Act obliges the bank to determine and document the risk appetite. On the basis of risk appetite, we define the risks that SEB is willing to take in its business operations and the ones it wishes to avoid.