09:00 AM EST, 11/06/2025 (MT Newswires) -- (Updates with JP Morgan's response in the third paragraph.)

JPMorgan Chase ( JPM ) has been fined 45 million euros ($51.8 million) by Germany's Federal Financial Supervisory Authority for alleged shortcomings in its measures for countering money laundering, the regulator said Thursday.

According to the regulator, JP Morgan "culpably breached its supervisory obligations regarding internal processes for the submission of suspicious transaction reports" and "failed to submit suspicious transaction reports without undue delay" between Oct. 4, 2021, and Sept. 30, 2022.

"The fine relates to historical findings and the timing of our Suspicious Activity Reports filings did not impede any investigations by the authorities," a company representative said in an email in response to an inquiry by MT Newswires. "We are deeply committed to detecting, preventing, and reporting money laundering and financial crimes, and are pleased that this matter is now resolved and remediated."