Published 11 months ago • loading... • Updated 11 months ago

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 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.

11 months ago·New York, United States

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yle

Reposted by

Ilta-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.

11 months ago·Finland

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Eesti 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.

11 months ago·Estonia

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Law.com

Center

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

11 months ago

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American 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.

11 months ago

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