JPMorgan Hit With Record €45m BaFin AML Fine as It Bets Big on Berlin Chase Launch
Germany’s financial watchdog BaFin has slammed JPMorgan SE with a record €45 million (about $52 million) penalty for anti–money laundering (AML) failures, just as the U.S. banking giant opens a new Berlin hub to launch its Chase digital retail bank and steps up expansion across Europe and Türkiye. Reuters+2Reuters+2 The clash of timelines — a landmark enforcement action announced on 6 November and an ambitious retail push in Europe’s largest economy unveiled days later — sets up one of the most closely watched tests of how far global banks can grow while staying on the right side of increasingly tough