Volksbank Düsseldorf Neuss fined 210,000 euros for AML failures

money laundering prevention BaFin fines financial regulation compliance

The German financial regulatory authority, BaFin, has imposed fines totaling 210,000 euros on Volksbank Düsseldorf Neuss due to deficiencies in its anti-money laundering (AML) prevention measures. The fine became legally binding on August 19, 2026.

BaFin identified two primary areas of concern. First, while the bank was permitted to outsource the role of an anti-money laundering officer to an external service provider, the regulator noted that the bank failed to maintain ultimate responsibility. The service provider in question managed multiple clients, raising concerns regarding the effectiveness of the oversight.

Second, the bank was found to have insufficiently monitored customer business relationships in the past, failing to meet the requirements of the Money Laundering Act regarding transaction monitoring. The bank has not yet commented on the decision.

Entities

BaFin · Volksbank Düsseldorf Neuss

Sources

Volksbank Düsseldorf Neuss: Beim Geldwäschebeauftragten war offenbar Schleudergang - Diebewertung [www.diebewertung.de]

6 days ago

Laut Finanzaufsicht Bafin hat die Volksbank Düsseldorf Neuss zu wenig getan, um das Einschleusen von illegal erwirtschafteten Geldern in den Wirtschaftskreislauf zu verhindern. Zwei Problemfelder stehen dabei besonders im Fokus. : Volksbank Düsseldorf Neuss muss 210. 000 Euro zahlen [www.wz.de]

6 days ago