By Dan Byrne & Elizabeth Hearst for AMLi
German digital bank, N26, may be prevented from accepting new customers, as Germany’s financial supervisory authority BaFin’s patience wears thin on the company’s AML safeguards.
It’s believed that the watchdog may prevent N26 from accepting new customers, as it believes the bank is not taking “decisive enough action against money laundering”, according to local news channel n-tv.
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