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Retrieved on: 2024-09-05 22:45:35
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Summary
The article discusses the $35 million settlement between Nordea Bank and NYDFS due to significant failures in anti-money laundering compliance. It highlights Nordea's issues with AML programs, inadequate due diligence, high-risk transactions, and failure to heed regulatory warnings. This connects to the key concept of 'financial services' and tags like 'Financial regulation,' 'Money laundering,' and 'Regulatory compliance.'
Article found on: www.jdsupra.com
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