Money Laundering Bulletin

Timon Molloy

Document

N26 fined €9.2m in Germany for late report filings

German digital bank N26 must pay a €9.2 million (US$10 million) penalty after BaFin, the financial services regulator, found it had systematically filed suspicious activity reports (SARs) late in 2022.

German digital bank N26 must pay a €9.2 million (US$10 million) penalty after BaFin, the financial services regulator, found it had systematically filed suspicious activity reports (SARs) late in 2022.

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