Tag: BaFin


Germany’s BaFin warns Deutsche Bank of potential fines if it doesn’t improve money laundering controls

February 20, 2024

Via: FinTech Futures

The regulator has extended the stay of its special representative at Deutsche Bank until 30 October 2024 to report on and assess the progress of the bank’s implementation of safeguards against money laundering and terrorist financing. The representative was first […]


Police raid Deutsche Bank, DWS over reports of greenwashing

May 31, 2022

Via: Banking Dive

Tuesday’s raid follows a probe the Securities and Exchange Commission (SEC) launched in August into allegations of greenwashing by DWS, The Wall Street Journal reported. That investigation came shortly after Fixler went public with allegations the asset manager misled investors […]


Deutsche Bank fined $9.8 million by BaFin for control lapses

December 29, 2021

Via: American Banker

Germany’s finance watchdog fined Deutsche Bank 8.66 million euros ($9.8 million) over its handling of submissions for Euribor, a reference rate at the heart of a scandal that rocked the industry. The lender temporarily didn’t have effective systems and controls […]