BERLIN, Nov 6 (Reuters) - Germany's financial watchdog

BaFin said on Thursday it had imposed a fine of 45 million euros

($52.5 million) on Frankfurt-based J.P. Morgan SE for

deficiencies in money-laundering prevention.

The company violated its supervisory duty in internal

processes for submitting reports of suspected money laundering,

BaFin added.

"Due to these process weaknesses, J.P. Morgan SE

systematically failed to submit reports of suspected money

laundering in a timely manner between October 4, 2021, and

September 30, 2022," it said.

($1 = 0.8575 euros)