Nordea Agrees to $35 Million Settlement Concerning Compliance Failures, Panama Papers Scandal

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Friday, September 6, 2024
Author: 
Austin Wahl
Volume: 
40
Issue: 
9
Abstract: 

        On August 27, 2024, Nordea Bank accepted a $35 million civil penalty from a top regulator in New York state for its role in the Panama Papers scandal.  The Finland-based bank was accused of improperly policing its accounts and aiding money laundering operations – among other criminal activities -- in the process.