Reported by Reuters

(Excerpt shared below. To read full report, go to: https://www.reuters.com/sustainability/dutch-online-bank-bunq-fined-failures-money-laundering-controls-2025-08-25/)

Dutch online bank Bunq has received a 2.6 million euro ($3.04 million) fine for failures in its money laundering controls, Dutch central bank DNB said on Monday.

Bunq said it disagreed with DNB’s decision, to which it has formally objected.

DNB said Bunq was fined in May for “serious shortcomings” in four cases between January 2021 and May 2022, in which it had failed to properly investigate and report signs of possible financial crimes.

It also said previous investigations had already shown repeated failure.