BaFin - Federal Financial Supervisory Authority

BaFin Fines J.P. Morgan SE 45 Million Euros for Money Laundering Lapses The Federal Financial Supervisory Authority (BaFin) has imposed a 45 million euro administrative fine on J.P. Morgan SE, based in Frankfurt am Main, for shortcomings in money laundering prevention. The fine addresses the bank's failure to submit suspicious transaction reports without undue delay between 4 October 2021 and 30 September 2022. These systemic breaches violated the obligations under the German Money Laundering Act. The fine became final on 30 October 2025. Credit institutions are required to promptly report suspicious transactions to Germany's Financial Intelligence Unit to prevent money laundering or terrorist financing.