German regulator BaFin has fined N26 €9.2 million for anti-money laundering failures

BaFin has imposed the fine after concluding that in 2022 N26 systematically submitted suspected money laundering reports late, according to Finextra. In 2021, BaFin fined the bank €4.25 million and then imposed a temporary cap on the number of new customers the lender was allowed to onboard each month. The limit – set at 50,000 new customers […] The post German regulator BaFin has fined N26 €9.2 million for anti-money laundering failures appeared first on NOCASH ® de 23 ani.

German regulator BaFin has fined N26 €9.2 million for anti-money laundering failures

BaFin has imposed the fine after concluding that in 2022 N26 systematically submitted suspected money laundering reports late, according to Finextra. In 2021, BaFin fined the bank €4.25 million and then imposed a temporary cap on the number of new customers the lender was allowed to onboard each month. The limit – set at 50,000 new customers […]

The post German regulator BaFin has fined N26 €9.2 million for anti-money laundering failures appeared first on NOCASH ® de 23 ani.