Online banks and massive frauds

N26 fined €4.25m for its weakness of Anti-Money Laundering (AML) checks, regarding 50 transactions that were reported to late to the authorities, puts once again online banks in the spotlights. BaFin which is the German control authority has placed their own people inside N26 following a big series of weakness found into N26 AML system.Continue reading “Online banks and massive frauds”