The Italian central bank calls for improvements in the fight against money laundering.
(Photo: imago images / photothek)
Hanover The Berlin smartphone bank N26 is no longer allowed to accept new customers in Italy. The reason for this are deficiencies in the fight against money laundering, which the authorities complained about.
The company received an order from Italy’s central bank on March 28, N26 reported on Tuesday. The Italian central bank calls for improvements in the fight against money laundering. The order includes a temporary freeze on taking in new customers. There would be no changes for existing customers.
According to N26, the central bank’s complaints are already being addressed as part of a global action plan to combat increased financial crime.
“N26 is confident that through the implementation of the measures to date, significant progress has already been made in addressing the shortcomings identified in Italy over the past year,” the company said. The finance scene portal was the first to report on the ban on new customers.
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