On August 27, Skadden secured a final resolution on behalf of Nordea Bank of a multiyear investigation by the New York Department of Financial Services (DFS) into the Scandinavia-based bank’s historical compliance with anti-money laundering laws. As part of a consent order, Nordea agreed to pay a $35 million civil fine to settle charges.
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates