US EditionBaFin Levies Largest-Ever Fine Against JPMorgan
21 Articles
21 Articles
The fine must be due to the fact that JP Morgan SE has "condemned guiltyly" the obligation to submit suspicious transactions reports required by the German law to the banking institutions.
JPMorgan Slapped with Record €45 Million Fine in Germany Over AML Failures
In a landmark enforcement action, JPMorgan has been fined a record €45 million by German regulators for serious shortcomings in its anti-money laundering (AML) controls. The penalty, one of the largest of its kind in Germany, underscores the increasing scrutiny financial institutions face amid growing efforts to combat financial crime. This development highlights ongoing challenges [...]
The German banking authority BaFin has imposed a record loss on the US investment bank JPMorgan.
The German financial regulator has fined US banking giant JPMorgan Chase €45 million, a record amount imposed on the bank for failing to adequately combat money laundering.
The German banking supervisory authority Bafin, based in Frankfurt, imposes a record penalty for a bank that did not report money laundering cases in time.
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