Position on the upcoming publication of a fine issued to N26 Bank GmbH by the Federal Financial Supervisory Authority (BaFin) for the years of 2019 and 2020

In relation to the upcoming publication of a fine issued to N26 by the Federal Financial Supervisory Authority (BaFin) for the years 2019 and 2020, N26 is providing the following statement. Berlin - The Federal Financial Supervisory Authority (BaFin) will shortly be publishing the notice of a fine which was issued to N26 in June, 2021 for the amount of 4.25 million euros. The fine was imposed because of the delayed submission of less than 50 suspicious activity reports in the area of anti-money laundering, relating exclusively to the years 2019 and 2020. The fine was already paid in full by N26 Bank GmbH on July 14, 2021 and all related proceedings have been closed. All measures to improve reports of suspicious activities have been implemented earlier this year. N26 takes its responsibility in the fight against the growing threat of global financial crime, and in the prevention of money laundering, very seriously. With the growing importance of e-commerce, we have taken numerous detailed measures and have also established structures and processes that meet the highest standards of financial crime prevention to address this pertinent global threat. As always, N26 will continue to invest in maintaining and improving these standards to set us up well for the future, working in close collaboration with the responsible regulatory, financial and investigating authorities.

About N26 N26 AG is Europe’s leading digital bank with a full German banking licence. Built on the latest technology, N26’s mobile banking experience makes managing money easier, more secure and customer friendly. To date, it has welcomed more than 8 million customers in 24 markets, and processes over 100bn EUR in transactions a year. N26 is headquartered in Berlin with offices in multiple cities across Europe, including Vienna and Barcelona, and a 1,500-strong team of more than 80 nationalities. Founded by Valentin Stalf and Maximilian Tayenthal in 2013, N26 has raised close to US$ 1.8 billion from some of the world’s most renowned investors. Website: n26.com | X: @n26 | Facebook: facebook.com/n26 | YouTube: youtube.com/n26bank N26 Press Contact press@n26.com