Nordea Bank Abp

The New York State Department of Financial Services found that Nordea failed to maintain an effective anti-money-laundering programme, failed to conduct adequate due diligence on correspondent banking relationships and failed to maintain an adequate transaction-monitoring system. The consent order covered historical deficiencies spanning 2008 to 2019. Nordea agreed to pay a USD 35 million civil monetary penalty in August 2024. Source: https://www.dfs.ny.gov/system/files/documents/2024/08/ea20240827-co-nordea.pdf