Sweden's two biggest banks by market value were fined by the country's financial regulator for breaking money laundering rules. Nordea Bank AB got a warning and the maximum administrative fine of 50 million kronor ($6 million) after "major deficiencies" were found in the bank's "work to prevent money laundering," the Swedish Financial Supervisory Authority said on Tuesday. Svenska Handelsbanken AB was fined 35 million kronor. Nordea, which said it takes the decision "very seriously," hasn't lived up to Sweden's money laundering rules "for several years," the FSA said. The bank was also fined in 2013 for similar offenses...Chief Executive Officer Christian Clausen said Nordea acknowledges “that we initially underestimated the complexity and the resources required to be fully compliant within this area,” in a statement. According to Clausen, the bank has “taken significant measures since 2013” and “will continue to increase the resources and efforts” to make sure it lives up to the rules...