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Swedish BNPL provider Klarna fined SKr 500m for AML violations

Assorted payment apps offering Buy Now Pay Later services are seen on an iPhone, including Afterpay, Affirm, Klarna, Sezzle, Zip (Quadpay), Perpay, and Tabby.
Photo: Getty Images

Martina Lindberg

1 min read
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The Swedish Financial Supervisory Authority fined Klarna for violation of several key rules of AML regulations.

Klarna, the Swedish buy-now-pay-later provider, has been fined SKr 500m ($45.6m) for violating anti-money-laundering (AML) regulations.

The fine was levied by Finansinspektionen, the Swedish Financial Supervisory Authority, after an investigation into Klarna’s compliance measures connected with AML regulations, risk requirements, and customer due diligence between April 1, 2021 and March 31, 2022.

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