BaFin

“Jamie Dimon, CEO of JPMorgan Chase” (2013) by Steve Jurvetson, via Wikimedia Commons, licensed under Creative Commons Attribution 2.0 Generic (CC BY 2.0). Edited from the original; changes made.

Germany’s BaFin Hits JPMorgan with Record €45mn AML Fine

Germany’s financial watchdog BaFin has imposed a record €45-million penalty on JPMorgan Chase for shortcomings in anti-money laundering (AML) controls, the Financial Times reported, citing the supervisory body.