Klarna has paid a half billion in fines

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Klarna has paid a half billion in fines
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The payment service company Klarna has now paid a penalty fee of 500 million kronor to the Financial Supervisory Authority (FI), reports Affärsvärlden.

FI announced in December that Klarna had received a remark for violating the money laundering regulations and would therefore pay a fee.

Klarna was found to have lacked important routines and guidelines during the period from April 1, 2021 to March 31, 2022. The investigation showed that the payment giant had breached several central rules.

"The general risk assessment has had significant deficiencies, for example, it has completely lacked assessments of how the bank's products and services can be used for money laundering or financing of terrorism", wrote FI in a statement.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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