Nordea Settles Money laundering case

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Danish money laundering scandals

Yle News

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US regulator and Nordea reach $35m settlement

Summary

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81% Informative

Nordea has agreed to pay a New York financial regulator 35 million dollars to settle a case involving failure to properly monitor money laundering activities between 2008 and 2019 .

These activities were uncovered in the 2016 Panama Papers scandal, a giant leak of financial and legal records.

The Danish and Baltic subsidiaries were involved in large-scale money laundering operations facilitating the transfer of tens of billions worth of Russian and Azerbaijani money into foreign accounts.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful