As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). A report in The Wall Street Journal (WSJ) said EY is now facing claims that the firm failed to identify “unorthodox...
Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a report by Reuters. The banks involved will be Danske Bank, Swedbank Handelsbanken, Nordea, SEB and...
The head of the Financial Supervisory Authority (FSA) in Finland has warned that Nordic banks involved in money laundering scandals should be measured in their response and not withdraw from the area, according to a report by Bloomberg. A number of Nordic banks have been...
September 09, 2024
Sweden’s Financial Supervisory Authority (FSA) reportedly criticized Klarna’s risk assessment, saying the company has not done enough to battle money laundering and terrorist financing. The FSA said in a letter to Klarna CEO Sebastian Siemiatkowski that its preliminary assessment found that the company violated regulations having to do with general risk assessment, risk assessment of […]
July 05, 2019
Six major banks in the Nordic region will form a customer checking center to help combat money laundering and improve the reputation of the area’s financial institutions, according to a...
March 14, 2019
The head of the Financial Supervisory Authority (FSA) in Finland has warned that Nordic banks involved in money laundering scandals should be measured in their response and not withdraw from...
