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Bank of Italy bans N26 from taking on new clients
source link: https://fintechranking.com/2022/03/29/bank-of-italy-bans-n26-from-taking-on-new-clients/
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Bank of Italy bans N26 from taking on new clients
The Bank of Italy said on Tuesday it had banned the local unit of online German bank N26 from taking on new customers after checks late last year flagged money laundering risks, Reuters reports.
Italy’s central bank said N26 was also prohibited from offering new products and services, such as cryptoassets, to existing clients.
Read more: Reuters
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