Klarna Bank, one of Europe’s largest fintech companies, has been reprimanded by regulators for its failure to manage money laundering risks.
Criticisms from the Swedish Financial Supervisory Authority (FSA) highlight at least six potential problems.
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Marvin Evans is a finance and fintech professional with 20 years of industry experience, including more than a decade working across the fintech sector. He is the founder of Fintech Bits and Finjobsly, and writes about fintech markets, financial technology, industry trends, innovation and the evolving fintech workforce. His analysis combines hands-on industry experience with data-led research to provide practical insight into the companies, technologies and trends shaping financial services.