Nordea Fine for Flawed Laundering Controls Dodges Worst Case

Nordea Bank Abp avoided the worst-case scenario in Denmark’s first case of failures to prevent money laundering to be tried in court, with judges imposing a fine far below what...

By Evelina Youcefi and Sara Sjolin · Bloomberg Markets

Nordea Bank Abp avoided the worst-case scenario in Denmark’s first case of failures to prevent money laundering to be tried in court, with judges imposing a fine far below what prosecutors had sought.