The TV channel in Södertälje 'doomed' – cannot open a new bank account
Södertälje-based Assyria-TV has been denied banking services by SEB due to concerns over anti-money laundering regulations, significantly impacting its operations.
Assyria-TV, a web-based television channel located in Södertälje, is facing severe operational challenges after SEB bank blocked its access to essential banking services including Swish, BankID, and online banking. The bank cited insufficient customer knowledge as the reason for the block, which has compelled the channel's operator, Dikran Ego, to physically visit the bank to handle bills and payments. Ego contends that the bank has not identified any suspicious transactions, emphasizing that all their donors are well-known to them.
The situation for Assyria-TV has been further exacerbated by the near impossibility of switching banks, as other financial institutions have also denied providing services to the channel. This has left Ego with the feeling that the channel has been unfairly marked in the banking sector, leading to a depletion of their financial reserves that took over a decade to build. The inability to secure banking services is not just a minor inconvenience but poses an existential threat to the channel's operations, forcing it into a precarious position.
According to Erik Hellenius, a lawyer from the Consumer Bank and Finance Bureau, channels like Assyria-TV should approach the bank's complaint department to resolve their issues. However, this guidance may not yield results given the current landscape, leaving the channel in a vulnerable predicament as its finances dwindle. This case raises broader concerns about how stringent anti-money laundering regulations can inadvertently harm legitimate businesses in the media sector, posing significant implications for the future of independent media in Sweden.