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Compliance Officers Playbook

Klarna's $46M Anti-Money Laundering Fine

14 Dec 2024

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Klarna Bank, a Swedish financial services company, received a $46 million fine from Sweden’s Financial Supervisory Authority for violations of anti-money laundering regulations. The violations, identified during a review of operations, involved significant gaps in Klarna’s systems for assessing money laundering and terrorist financing risks. While substantial, the breaches were not severe enough to warrant license revocation. The fine comes as Klarna prepares for a potential initial public offering (IPO), highlighting the importance of regulatory compliance for its future prospects.

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