Anti-Financial Crime & Financial Crime Compliance
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NEWS UPDATE: German regulator gives N26 a dressing down and orders the online bank to shore up its AML defences

Image: Marco Verch

By Dan Byrne for AMLi

A GERMAN online bank has been called out by the country’s national FinCrime watchdog over lax money laundering controls.

N26 Bank GmbH is now under orders from the German Federal Financial Supervisory Authority (BaFin) to clean up these deficiencies within a set time period.

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