The German banking regulator Bafin in June imposed a fine of 4.25 million euros on the online bank N26 for flaws in its system to prevent money laundering.

The first German neo-bank, N26 is aligned by the regulator. She will have to pay a fine of 4.25 million euros for having been negligent in the face of the risk of money laundering. This sanction is aimed at at least "fifty suspicious transactions" in "the field of money laundering", carried out between 2019 and 2020 on the bank's platform, detailed N26. The company declared these operations too "late" to the financial regulator, preventing effective control. The online bank claims to have already "fully paid the fine" on July 14. N26, a 100% online bank created in 2013, has been in the sights of Bafin since 2018, which was alarmed, following an investigation by several German media, about the possibility of opening an account with false identity papers. From a smartphone or a computer, N26 online banking allows you to quickly open an account and obtain a free bank card.