German bank regulator threatens Solaris with fines for anti-money laundering controls

By Jerry  Published On July 12, 2024
 The German bank regulator BaFin said on Friday that it had threatened to fine Berlin-based Solaris if it doesn’t meet deadlines to improve anti-money laundering controls and other shortfalls.
BaFin also said that it was extending the mandate of a special monitor installed since 2022 to oversee progress.
Solaris said that it was continuing “to make significant progress … to implement additional measures addressing the identified deficiencies”.
Source: REUTER

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