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How will Klarna Bank's stock perform in the first month post-IPO?
2
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Story
Klarna Bank Fined $46 Million by Sweden's Regulator for AML Violations Amid IPO Preparation
Dec 11, 2024, 01:00 PM
Klarna Bank has been fined $46 million by Sweden's Financial Supervisory Authority for violations of anti-money laundering (AML) regulations. The fine was imposed following a review of the buy now, pay later company for the year ending March 2022, which identified significant deficiencies in its AML controls. The penalty comes as Klarna is preparing for an initial public offering (IPO).
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