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NEWS: BaFin puts restrictions on fintech Unzer after finding customers included hundreds of front companies leading to serious risk of money laundering

By Elizabeth Hearst for AMLi

German payment processor Unzer has been banned from onboarding new customers by the country’s regulatory watchdog, BaFin. 

The regulator has also appointed special representatives, and has ordered the firm to take measures to fully comply with its AML obligations, and to ensure “proper business organisation.”

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