All posts tagged "BaFin"
-
460EnforcementDWS CEO Quits Over Greenwashing Accusations
Resignation sparked by German police raids to investigate claims over mis-representation of ESG funds.
June 3, 2022 -
421Enforcement
German Prosecutors Raid DWS Offices Over ESG Claims
"Sufficient factual evidence" has emerged that ESG factors were not taken into account in many investments, contrary to claims made in DWS fund prospectuses.
June 1, 2022 -
331AML / KYCGerman Authorities Raid Deutsche Bank in Money Laundering Probe
The raids are reportedly connected to late SARs filings involving a transaction linked to the family of Syrian leader Bashar al-Assad.
May 2, 2022 -
627Australia & NZAPRA to Survey Regulated Entities on Climate Risk Management
The survey will assess the alignment between current approaches used by regulated entities and the expectations set out in CPG 229 and the TCFD recommendations.
March 3, 2022 -
1.0KEnforcementBaFin Fines Deutsche Bank for Over EURIBOR Control Lapses
BaFin found flaws in the processes used by Deutsche Bank to calculate EURIBOR between April 2019 and April 2020.
January 5, 2022 -
314EuropeEuropean Commission Proposes to Strengthen Supervisory Bodies
In the aftermath of the Wirecard scandal, German regulator BaFin was accused of being beholden to banking industry lobbyists and the finance ministry.
November 30, 2021 -
336AML / KYCGermany’s BaFin Fines N26 Over Weak AML Controls
The €4.25mn fine was paid in July but only made public by BaFin on 29 September. N26 says it already addressed the problems.
October 8, 2021 -
592EnforcementGlobal Regulators Heighten Scrutiny Over ESG Mislabelling – Reports
Increased scrutiny from US, EU and UK regulators have forced asset managers to review current practices for classifying funds as ESG-focused.
September 10, 2021 -
592EnforcementBaFin Joins US SEC, DOJ in Probing Collapsed Allianz Funds
Allianz is facing probes from BaFin, SEC and DOJ, as well as 25 investor lawsuits, over last year's collapse of its Structured Alpha Funds.
September 8, 2021 -
583Enforcement
US SEC, BaFin Probe DWS Over ESG Investment – Reports
The former global head of sustainability at DWS alleges that the firm overstated how many assets had been screened against ESG criteria.
August 31, 2021
