Klarna fined $46 million for flouting fraud regulations

Klarna, a Swedish fintech company that offers buy now, pay later services, has been fined 500 million SEK ($46 million) by the Swedish Financial Supervisory Authority for violating anti-money laundering rules. In a statement on December 11, the regulator said Klarna had “serious deficiencies” in its crime prevention measures, including a failure to assess how its services worked (…)