NEW YORK, Aug 27 (Reuters) - Nordea Bank

agreed to pay $35 million to settle charges by New York's top

financial services regulator that the Finnish bank had

significant compliance failures and inadequate diligence over

high-risk correspondent banking partners.

Adrienne Harris, New York's financial services

superintendent, said the penalties followed the 2016 Panama

Papers leak that exposed Nordea's role in helping hundreds of

customers create tax-sheltered companies using offshore

accounts.