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Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), has set revised deadlines for Deutsche Bank AG to address deficiencies in the data-processing systems used to monitor transactions and business relationships for potential money laundering and terrorist financing. The measure was issued on September 15, 2026, became final on October 6 and was publicly announced on October 9. It updates earlier supervisory orders issued in April 2021 and Novemb

Germany's Federal Financial Supervisory Authority has issued a formal warning against a former managing director of a financial services institution over serious and persistent deficiencies in measures intended to prevent money laundering and terrorist financing. The regulatory action, issued on 3 July 2026 and becoming final on 9 August, highlights an increasingly important principle in financial crime supervision: responsibility for ineffective AML controls can extend direc

Germany’s financial regulator has imposed a €75,000 administrative fine on AIL Leasing München AG after identifying breaches of anti-money laundering obligations related to suspicious activity reporting and recordkeeping requirements. The penalty became final and legally enforceable on May 5, 2026, underscoring the growing regulatory expectation that institutions not only comply with reporting obligations but also maintain comprehensive records supporting every compliance dec

Germany’s Federal Financial Supervisory Authority, BaFin, has levied a €9.2 million fine against N26 Bank SE, citing systemic and repeated shortcomings in the digital bank’s anti-money laundering controls. The penalty, which became legally effective in May 2024, follows an earlier €4.25 million fine imposed in 2021 for comparable violations, reinforcing concerns that the fast-growing fintech has struggled to resolve long-standing compliance weaknesses. BaFin’s intensified sup