Germany’s financial watchdog BaFin has imposed a record €45mn fine on JPMorgan Chase for shortcomings in its anti-money-laundering controls. Photograph: Tom Honan/The Irish TimesGermany’s financial watchdog BaFin has imposed a record €45 million fine on JPMorgan Chase for shortcomings in its anti-money-laundering controls. It is the largest fine BaFin has issued against a bank to date, as the regulator seeks to take a tougher stance on compliance and reporting failures. The previous record was a €40 million penalty levied on Deutsche Bank in 2015 for similar shortcomings. “The fine relates to historical findings and the timing of our Suspicious Activity Report filings did not impede any investigations by the authorities,” JPMorgan said.

Source: The Irish Times November 07, 2025 00:28 UTC