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SETBACK: Risk fears lead German regulator to ‘substantially reduce’ monthly new customer numbers at troubled bank N26

Premium November 9, 2021
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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

By Dan Byrne for AMLi

German digital bank N26 has been told to dramatically reduce the number of new customers it takes on board, with a cap now set at 50,000 per month.

In addition, the bank will not be permitted to let the value of mortgage and immovable property-based exposures exceed $500M, the country’s national regulator BaFin said in a statement Tuesday.

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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

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