Klarna fined $46M for neglecting fraud regulations

Klarna, the Swedish fintech that provides buy now, pay later services, was fined 500 million Swedish Kronor ($46 million) by Sweden’s Financial Supervisory Authority for violating anti-money laundering rules. The regulator in a Dec. 11 statement said that Klarna had “significant deficiencies” in its crime prevention measures, including failing to assess how its services could […]