Finextra: The Swedish Financial Supervisory Authority has criticised Klarna Bank for insufficiently addressing ML risks

A letter from the Swedish Financial Supervisory Authority to Klarna CEO Sebastian Siemiatkowski obtained by Dagens Industries criticizes the bank for not adhering to multiple ML  Act provisions, including risk assessments and KYC rules. The FSA is considering whether intervention is needed and how it should proceed. Klarna has not addressed how this scrutiny might influence its potential IPO timeline…