German regulators have imposed an administrative fine on J.P. Morgan SE for deficiencies in its anti–money laundering (AML) controls. Authorities found that the bank had culpably breached supervisory obligations related to its internal procedures for filing suspicious transaction reports (STRs).

Between October 4, 2021, and September 30, 2022, these shortcomings led to systematic delays in submitting STRs, preventing the timely reporting of potentially illicit activities. The fine became final and binding on October 30, 2025.

Under Germany’s Money Laundering Act (Geldwäschegesetz), credit institutions are required to maintain robust supervisory systems to detect and report suspicious transactions without delay to the Financial Intelligence Unit (FIU). Prompt reporting enables the FIU to take immediate action, including alerting law enforcement when necessary.

In cases of systemic non-compliance, penalties can be calculated based on an institution’s total turnover—resulting in substantial fines, as seen in this case.