Tags BaFin

Tag: BaFin

Navigating the EU AI Act: A strategic guide for AML and...

The upcoming Artificial Intelligence (AI) legislation, notably the European Parliament's Artificial Intelligence Act, is poised to redefine the regulatory landscape for financial institutions. Touted as the globe's inaugural framework for "trustworthy AI," the act is set to amplify the compliance obligations of anti-money laundering (AML) and anti-fraud teams. However, this impending challenge is mitigated by the availability of purpose-built AI solutions tailored to meet these burgeoning requirements.

Navigating the risks: The urgent need for effective MNPI management

In recent years, the management of Material Non-Public Information (MNPI) has emerged as a significant concern within the compliance sphere. Regulatory bodies in the...

Navigating market abuse enforcements: current focus and future implications

eFlow Global recently outlined some of the biggest challenges around navigating market abuse enforcement and future implications.

BaFin warns of looming cyberattack risk for financial sector

German financial regulator BaFin has warned the industry of the ‘very big’ risk of cyberattacks that could target the financial sector.

Deutsche Bank slapped with €8.6m fine for Euribor control deficiencies

Deutsche Bank has been fined €8.6m by BaFin due to weaknesses relating to controls of Euribor, the Euro Interbank Offered Rate benchmark used in the financial industry.

N26 pays €4.5m fine for delays to reporting suspicious activity

Germany digital bank N26 has been issued a €4.5m fine from the Federal Financial Supervisory Authority (BaFin) for its delay in submitting reports around AML.

Deutsche Bank bolsters Asia presence with Singapore ESG centre

Deutsche Bank has revealed it is establishing an environmental, social and governance (ESG) Centre of Excellence (COE) in Singapore.

N26 under BaFin scanner for inadequate measures against money laundering

German financial regulator BaFin has ordered challenger bank N26 Bank to implement appropriate controls and safeguards to prevent money laundering and terrorist financing.

The SEC introduces new rule to make it easier for foreign...

The Securities and Exchange Commission (SEC) has published a notice of a substituted compliance application by Germany’s top financial regulator.

ESMA criticises German regulators on how they supervised Wirecard

German regulators didn't do enough when they supervised the collapsed FinTech giant Wirecard, the EU’s securities markets regulator reports.

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