Nordea Bank fined US$35m in New York over correspondent banking AML failings

Finland's Nordea Bank, the largest in the Nordics, and its New York branch must pay US$35m after the New York Department of Financial Services found gaps and flaws in its anti-money laundering controls stretching back to 2009.

Finland's Nordea Bank, the largest in the Nordics, and its New York branch must pay US$35m after the New York Department of Financial Services (DFS) found gaps and flaws in its anti-money laundering controls stretching back to 2009.