N26 fined €4.25 million over AML failings - NewsBreak

German digital bank N26 has been fined €4.25 million by BaFin over lax money laundering controls. N26 has been facing heightened scrutiny from German regulatory authorities over the past two years. In May, the watchdog appointed a special commissioner to monitor the fintech giant's compliance with an order to implement appropriate internal controls and safeguards and comply with general due diligence requirements.