Mobile bank N26 revealed this week it paid a €4.25 million (U.S. $5 million) fine ordered by Germany’s market regulator regarding deficiencies in its reporting of suspicious activities “in the area of anti-money laundering.”
The fine was issued in June and paid in July, according to N26, which added the regulator, BaFin, will soon be publishing notice of the enforcement. “All related proceedings have been closed,” the bank said.
