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NEWS: Bafin fines German fintech Solaris SE €6.5M for late filing STRs

By ALISHA HOULIHAN for AML Intelligence GERMANY’s financial regulator has fined fintech Solaris SE a record €6.5M for filing late STRs. Bafin, the financial supervisory authority, announced it had the set the fine of €6,500,000 because the company “had systematically submitted suspicion of money money loss reports.” The fine notice is legally binding and marks…

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