Compliance & Anti-Financial Crime
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AML, Gaming

Swedish finance authority fines Trustly SEK130M (€12.2M) for AML negligence

By Alisha Houlihan for AMLi

The Swedish Financial Supervisory Authority, Finansinspektionen has slapped a SEK130M (€12.2M) fine to an online payments service, Trustly for anti-money laundering (AML) misconduct.

Risk assessments, procedures, guidelines, customer due diligence, monitoring and reporting were all found to have been identified.

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