Finance
Nordea to Pay $35 Million to End US Money Laundering Probe
- Bank says it’s not aware of other US laundering investigations
- Nordea faces potentially larger fine in AML case in Denmark
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Nordea Bank Abp agreed to pay a $35 million fine in the US to end an investigation into the largest Nordic lender’s past anti-money laundering shortcomings.
The fine represents a final resolution into the probe by the New York State Department of Financial Services concerning the adequacy of Helsinki-based Nordea’s anti-money laundering safeguards in the 2008 to 2019 period, the lender said on Tuesday.