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...
by Jyotsna Bucktowar | Jul 14, 2024
GRECO recommended that the transparency of the parliamentary process be further improved, e.g. by introducing rules for members of parliament on how to interact with lobbyists and other third parties seeking to influence the parliamentary process.
by Jyotsna Bucktowar | Apr 22, 2024
The German financial regulatory authority BaFin ordered the fine because of failures in updating customer data on time and not providing proper security measures. This resulted in a lack of due diligence in three cases…
by Jyotsna Bucktowar | Feb 1, 2024
German prosecutors brought bribery and corruption charges against four people, including two former lawmakers suspected of receiving bribes from Azerbaijan in exchange for voting in Baku’s favor at the Council of Europe…
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