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Bunq fined €2.6 million for money laundering control failures
ByAinvest
Monday, Aug 25, 2025 2:21 am ET1min read
Dutch online bank Bunq has received a 2.6 million euro fine from the Dutch central bank DNB for failures in its money laundering controls between January 2021 and May 2022. Bunq had appealed the fine. The bank was found to have serious shortcomings in its money laundering controls during the specified period.
AMSTERDAM — The Dutch central bank, DNB, has imposed a fine of €2.6 million on Dutch online bank Bunq for serious shortcomings in its money laundering controls between January 2021 and May 2022. The bank has appealed the fine [1].According to DNB, Bunq failed to implement adequate measures to detect and prevent money laundering activities during the specified period. The fine reflects the bank's failure to meet regulatory standards and its responsibility to maintain robust anti-money laundering (AML) controls [2].
Bunq operates as a digital-only bank, offering a range of financial services primarily through mobile applications. The fine underscores the importance of stringent AML controls, particularly for digital financial institutions that may be more susceptible to money laundering risks due to their online nature.
The incident serves as a reminder for financial institutions to continuously review and enhance their AML programs to ensure compliance with regulatory requirements and protect against potential financial crimes.
References:
[1] https://www.marketscreener.com/news/dutch-online-bank-bunq-fined-for-sloppy-money-laundering-controls-ce7c50dbd189f02c
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3UH04I:0-dutch-online-bank-bunq-fined-for-sloppy-money-laundering-controls/
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