Financial Crime World

Swedish Bank SEB Boosts Fight Against Financial Crime with New Unit

SEB, Sweden’s leading bank, is taking a significant step in strengthening its defenses against financial crime by launching a new Financial Intelligence unit within its Financial Crime Prevention (FCP) division.

Joint Leadership

The unit will be jointly led by two experienced professionals: Nicklas Lundh, formerly the Head of the Financial Intelligence Unit at the Swedish Police, and Ravi Shankar Sharma, currently the Head of Intelligence Development, Investigations and Analytics at Nordea. Both Lundh and Sharma are set to join SEB in October and will report directly to Johan Sekora, head of FCP.

Responsibilities

In their new roles, they will be responsible for:

  • Heading strategic intelligence and capability development to combat financial crime
  • Developing advanced analytical and investigation capabilities

Strengthening Defenses Against Financial Crime

The establishment of the Financial Intelligence unit is part of SEB’s ongoing efforts to strengthen its defenses against financial crime and improve its ability to detect, prevent, and report suspicious activity. This move is also expected to deepen cooperation with other organizations, including law enforcement agencies, following the launch of the Swedish Anti-Money Laundering Intelligence Task Force two years ago.

Quotes

“Financial crime continues to be one of the biggest challenges facing the financial industry, affecting millions of people around the world and with an incalculable human cost,” said Johan Sekora. “I am pleased that Nicklas and Ravi will join our FCP team to meet this challenge and strengthen SEB’s efforts to become a leader in the fight against financial crime.”

“The launch of our new Financial Intelligence Unit is an important step forward in our continuous efforts to stay ahead of financial criminals,” said Mats Torstendahl, Deputy CEO and Group Senior FCP Manager at SEB. “We are committed to using our expertise and resources to detect and prevent suspicious activity, and to working closely with other organizations to achieve this goal.”