Skip to main content
See every side of every news story
Get Started
SubscribeLogin
Published • loading... • Updated

Cracks in Nordea Bank's Money-Laundering Controls Results in $35M NY Fine

Summary by Law.com
Nordea, which has had a branch in New York City for decades, said it has since fortified those efforts, while its former processes, policies and controls involved a shuttered brank in Denmark and Nordea's former operations in the Baltics.

6 Articles

Wall Street JournalWall Street Journal
Center

Nordea to Pay $35 Million for Anti-Money Laundering Violations

New York’s financial regulator imposed a $35 million fine against Nordea Bank over alleged compliance failures at the Nordic bank.

·New York, United States
Read Full Article
yleyle
Reposted by
Ilta-SanomatIlta-Sanomat
Center

Nordea in the United States fined 35 million dollars

According to the official, Nordea neglected money laundering control measures and did not investigate the activities of its customers carefully enough.

·Finland
Read Full Article
Eesti RahvusringhäälingEesti Rahvusringhääling
Center

Nordea Bank agreed on the amount of the fine with the US authorities

Nordea Bank has agreed with the US authorities on a $35 million fine that the bank has to pay due to insufficient money laundering controls that took place between 2008 and 2019, Finnish publication Yle wrote.

·Estonia
Read Full Article
Law.comLaw.com
Center

Cracks in Nordea Bank's Money-Laundering Controls Results in $35M NY Fine

Nordea, which has had a branch in New York City for decades, said it has since fortified those efforts, while its former processes, policies and controls involved a shuttered brank in Denmark and Nordea's former operations in the Baltics.

Read Full Article
American BankerAmerican Banker

NY regulator slaps Panama Papers-linked Nordea bank with $35m fine

The New York State Department of Financial Services issued a consent order against Finland-based Nordea Bank, citing deficiencies related to the Bank Secrecy Act and anti-money laundering requirements.

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Law.com broke the news on Tuesday, August 27, 2024.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
SearchBlindspot LogoBlindspotLocal