by Jyotsna Bucktowar | Feb 19, 2025
Austrian authorities are investigating a €2.35 million donation to Germany’s far-right AfD party, the largest in its history made in early February 2025 ahead of a key election. The funds came from Gerhard Dingler, a former official of Austria’s Freedom Party (FPO),...
by Jyotsna Bucktowar | Feb 18, 2025
Key points highlighted the misuse of virtual assets by terrorists to recruit, transfer funds anonymously, and operate via the dark web, with FIUs playing a key role in detecting illicit flows. Public-private partnerships (PPPs) were emphasized as critical for early...
by Jyotsna Bucktowar | Oct 22, 2024
The General Public Prosecution Office of Dresden and the Police Directorate of Chemnitz began investigating in June 2020 after online investors were drawn to professional-looking websites that promised high returns on minimal investments leading to approximately EUR...
by Jyotsna Bucktowar | Aug 21, 2024
BaFin’s crackdown involved coordinated raids across 35 locations in Germany, seizing 13 unregistered cryptocurrency ATMs operating illegally under Section 32 of the German Banking Act. These ATMs facilitated euro-crypto exchanges, posing significant risks to the...
by Jyotsna Bucktowar | Jul 25, 2024
Germany’s financial regulator, Bafin has warned Solaris Bank to improve its AML measures or face a fine, citing deficiencies in its financial crime controls, including ML prevention, reporting, outsourcing management, and IT. Multiple audits have uncovered these...
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