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Klarna fined $46M for neglecting fraud regulations

$14.6B fintech plans to go public in 2025

Madeline DurrettbyMadeline Durrett
December 17, 2024
in Risk & Security
Reading Time: 2 mins read
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Klarna, the Swedish fintech that provides buy now, pay later services, was fined 500 million Swedish Kronor ($46 million) by Sweden’s Financial Supervisory Authority for violating anti-money laundering rules. The regulator in a Dec. 11 statement said that Klarna had “significant deficiencies” in its crime prevention measures, including failing to assess how its services could […]

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