Yahoo Finance: Nordea Bank fined US$35m in New York over correspondent banking AML failings

The New York’s Department of Financial Services (NYDFS) identified billions in high-risk transactions from 2008 to 2019, especially through Nordea’s closed branch in Denmark and its Baltic operations, linking the bank to illicit funds tied to Russia and Azerbaijan. NYDFS Superintendent Adrienne Harris criticized Nordea for its failure to curb criminal activity…