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FI sanctions bank SKr90m for violating money-laundering regulations

Photo: Getty Images

Martina Lindberg

1 min read
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The Swedish Financial Supervisory Authority found that the bank failed to get in-depth customer knowledge relating to high-risk customers.

A remark and a fine of SKr90m ($9.7m) have been issued to Norion Bank AB (Norion) following an investigation, in which the bank was found to have violated money-laundering regulations.

Finansinspektionen (FI), the Swedish Financial Supervisory Authority (FSA), carried out an investigation on how the bank complied with money-laundering

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