by Jyotsna Bucktowar | Jun 26, 2025
The plan emphasizes early detection of weak internal controls, greater use of data-driven supervision, and closer coordination with AMLA. BaFin also prioritizes digital identity systems for more effective KYC, stricter enforcement against market abuse, and oversight...
by Jyotsna Bucktowar | Jun 2, 2025
Since implementing AI-powered alert and market analysis systems last year, BaFin reports improved accuracy in identifying suspicious trading patterns, significantly increasing the chances of catching offenders. This technological upgrade, combined with expanded...
by Jyotsna Bucktowar | May 8, 2025
The report highlights concerns about the effectiveness of AML measures, including vulnerabilities in detecting and preventing money laundering through international payments, complex products, and high-risk sectors. Specific examples include weaknesses in detecting...
by Jyotsna Bucktowar | Mar 4, 2025
The sanctions pertain to the bank’s failure to ensure continuity and regularity in investment services, inadequate recording of telephone conversations by its Postbank branch, and lapses in providing account switching services. These violations highlight...
by Jyotsna Bucktowar | Feb 15, 2025
BaFin warns against the website amgfinancialeu.com. According to its findings, financial and investment services as well as crypto-asset services are offered there without permission. The operator of the website appears only under the name AMGfinancialEU, without...
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