BaFin fines AIL Leasing München AG €75,000 for AML reporting and recordkeeping failures, underscoring rising scrutiny of compliance documentation and audit trails

The company failed to properly document decisions not to file suspicious activity reports (SARs) and also missed filing at least one required SAR within the legal deadline. BaFin stressed that AML obligations extend beyond submitting reports, requiring firms to maintain a clear audit trail explaining how and why reporting decisions are made. The case reinforces a wider regulatory trend in Europe…