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Germany threatens fintech Solaris with fines over slow fixes

German regulator BaFin asked Solaris to resolve money laundering issues in 2022

Bloomberg NewsbyBloomberg News
July 12, 2024
in Banking
Reading Time: 1 min read
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German bank Solaris SE faces financial penalties if it doesn’t meet deadlines for fixing controls, after failing to do so for years, according to Bloomberg. Solaris hasn’t fully remedied issues it was ordered to address in 2022, and new problems have since cropped up too, the country’s financial watchdog BaFin said in a statement on […]

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Tags: BaFinBloombergEuropean bankingEuropean regulationPremiumsolarisBank
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