Reported 1 day ago
Dutch online bank Bunq has been fined €2.6 million by the Dutch central bank DNB for inadequate money laundering controls. The bank is contesting the fine, citing efforts to strengthen its systems. DNB noted that Bunq had serious shortcomings in investigating and reporting financial crimes from January 2021 to May 2022 and has a history of similar failures despite previous penalties.
Source: YAHOO