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Financials

Norway's DNB faces $45 mln fine over lack of compliance on anti-money laundering

OSLO, Dec 7 (Reuters) - DNB, Norway’s biggest bank, could be fined 400 million Norwegian crowns ($45.4 million) by the country’s financial regulator for failing to comply with anti-money laundering regulations, the bank said on Monday.

“The possible fine that DNB has been notified of is not related to any suspicions of money laundering or complicity in money laundering, but rather what (the FSA) considers to be inadequate compliance with the anti-money laundering rules and legislation,” DNB said. ($1 = 8.8151 Norwegian crowns) (Reporting by Victoria Klesty, editing by Terje Solsvik)

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