Finance
Dutch online bank Bunq fined for failures in money laundering controls
Published by Global Banking and Finance Review
Posted on August 25, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 25, 2025
2 min readLast updated: January 22, 2026
Bunq faces a €2.6 million fine from DNB for inadequate money laundering controls, with the bank contesting the decision.
AMSTERDAM (Reuters) -Dutch online bank Bunq has received a 2.6 million euro ($3.04 million) fine for failures in its money laundering controls, Dutch central bank DNB said on Monday.
Bunq said it disagreed with DNB's decision, to which it has formally objected.
DNB said Bunq was fined in May for "serious shortcomings" in four cases between January 2021 and May 2022, in which it had failed to properly investigate and report signs of possible financial crimes.
It also said previous investigations had already shown repeated failures, which the bank had failed to improve despite an earlier fine and other warnings.
In a statement, a spokesperson for the online bank said: "At Bunq, we take our role as gatekeeper very seriously."
"We use the most advanced technology and continuously strengthen our systems - including in response to these cases from 2021–2022. We remain confident in our position."
Dutch banks have significantly increased money laundering surveillance in recent years after the country's largest banks ING and ABN Amro incurred massive fines for failures in their controls.
In April Dutch lender Rabobank said it will face a court case over its alleged failures to spot money laundering after failing to reach a settlement with prosecutors.
($1 = 0.8544 euros)
(Reporting by Bart Meijer; Editing by Bernadette Baum and Jan Harvey)
Bunq was fined €2.6 million ($3.04 million) for failures in its money laundering controls.
The Dutch central bank, DNB, fined Bunq for serious shortcomings in its money laundering controls, including failures to investigate and report signs of possible financial crimes.
Bunq disagreed with DNB's decision and has formally objected to the fine.
DNB noted that previous investigations had shown repeated failures by Bunq, which the bank had not improved despite earlier fines and warnings.
Dutch banks have significantly increased their money laundering surveillance in recent years, especially after major banks like ING and ABN Amro faced massive fines for similar failures.
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