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JPMorgan Fined €45 Million for Major Money Laundering Failures

11/7/2025

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Summary

Story summary

BaFin fined JPMorgan SE €45 million ($52.5 million) for failing to prevent money laundering.
The penalty is the largest BaFin has ever imposed.
The fine stems from JPMorgan's late filing of suspicious activity reports from October 2021 to September 2022.
JPMorgan plans to launch its Chase digital retail bank in Germany in the second quarter of 2026.

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Story summary

BaFin fined JPMorgan SE €45 million ($52.5 million) for failing to prevent money laundering.
The penalty is the largest BaFin has ever imposed.
The fine stems from JPMorgan's late filing of suspicious activity reports from October 2021 to September 2022.
JPMorgan plans to launch its Chase digital retail bank in Germany in the second quarter of 2026.