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# Sweden's Finansinspektionen Fines Klarna Bank SEK 500 Million for AML Compliance Failures
- URL: https://www.theglobalbanker.com/sweden-finansinspektionen-fines-klarna-bank-sek-500-million-aml-compliance-failures/
- Published: 2024-12-11T10:00:00.000Z
- Updated: 2026-11-08T13:08:23.000Z
- Description: Sweden's financial regulator imposed a SEK 500 million fine on Klarna Bank in December 2024 for inadequate AML risk assessment and due diligence during April 2021 to March 2022.
- Author: TGB Editorial Team
- Tags: Regulations, Europe, #archive

Sweden's Finansinspektionen imposed a fine of SEK 500 million, approximately $46 million, on Klarna Bank AB on 11 December 2024 following an investigation that found serious deficiencies in the buy-now-pay-later lender's anti-money laundering compliance programme.

The violations identified by the regulator related to the period from April 2021 to March 2022, during which Finansinspektionen found that Klarna's risk assessment and customer due diligence processes were inadequate relative to the requirements of applicable AML legislation. FI concluded the violations were serious but did not warrant withdrawal of authorisation or a warning, and issued a remark combined with the fine.

#### BNPL SERVICES AND MONEY LAUNDERING RISK

A specific focus of the FI's investigation was Klarna's failure to adequately assess how its buy-now-pay-later products could be exploited for money laundering or the financing of terrorism. 

The fine came as Klarna was pursuing a public listing.