Finance
Klarna Bank fined $46 million in Sweden money laundering probe
Published by Global Banking & Finance Review®
Posted on December 11, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 11, 2024
1 min readLast updated: January 27, 2026
Klarna Bank has been fined $46 million by Sweden's FSA for failing to comply with money laundering regulations, citing significant risk assessment deficiencies.
OSLO (Reuters) -Sweden's Financial Supervisory Authority said on Wednesday it had fined Klarna Bank 500 million Swedish crowns ($45.59 million) for violations of money laundering regulations.
"Klarna's general risk assessment has had significant deficiencies; for example, it has not contained any assessments of how the bank's products and services could be used for money laundering or terrorist financing," the FSA said in a statement.
"In addition, the bank has not had procedures and guidelines that capture all situations for when due diligence measures should be taken for customers that use Klarna's invoice product," the regulator added.
($1 = 10.9682 Swedish crowns)
(Reporting by Terje Solsvik, editing by Louise Rasmussen)
The main topic is Klarna Bank being fined $46 million by Sweden's Financial Supervisory Authority for money laundering regulation violations.
Klarna was fined due to significant deficiencies in their risk assessments and lack of proper due diligence procedures for their invoice product.
The fine was imposed by Sweden's Financial Supervisory Authority (FSA).
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