Dutch Neobank Bunq Fined 3 Million For Failing Money Laundering Controls
According to the Dutch regulator’s official announcement published on Monday, the online bank bunq has been sanctioned for “serious deficiencies in its anti-money laundering controls during the period under review, from January 2021 to May 2022.” bunq has been fined 2.6 million euros for failures in money laundering controls. DNB accused the online bank of “serious deficiencies in its anti-money laundering controls.” The Dutch neobank filed an objection to the regulator’s fine....