All posts tagged "BaFin"
-
133EnforcementUPDATED – BaFin Says Binance Stock Tokens Violate Securities Laws
The tokens require the publishing of a prospectus, "minimum information required by law" for the sale of an investment product.
May 5, 2021 -
207AML / KYCBaFin Orders Deutsche Bank to Further Enhance AML Controls
Deutsche Bank is asked to further bolster safeguards against financial crime, including in its correspondent banking relationships and transaction monitoring.
May 4, 2021 -
222AML / KYCBaFin Files Criminal Complaint Against Deutsche Bank Exec
Alexander Schütz is suspected of using inside information to trade Wirecard shares. A separate probe into EY's audits of Wirecard is continuing.
April 23, 2021 -
181EnforcementBaFin Faces Criminal Probe Over Wirecard Response
BaFin has been under fire since mid-last year for failing to properly respond to multiple red flags signalling an accounting fraud at Wirecard.
April 15, 2021 -
278Europe
Germany’s BaFin to Be Reorganised, Top Officials Forced Out
Finance minister Olaf Scholz said the Wirecard affair revealed a need to reorganise Germany’s system of financial regulation “so that it can fulfil its supervisory role more effectively”.
February 1, 2021 -
1.0KAML / KYC
Philippine Authorities Probe Financial Transactions Linked to Wirecard
The National Bureau of Investigation is examining the financial transactions of a law firm office that appears to have provided legal services to Wirecard and Jan Marsalek.
November 12, 2020 -
609Enforcement
BaFin, FREP Were Deficient in Supervising Wirecard, says ESMA
ESMA says it identified deficiencies, inefficiencies and legal and procedural impediments in the supervisory response to Wirecard between 2016 and 2018.
November 5, 2020 -
5.0KContributed Article
Wirecard: The Biggest FinTech Success and Failure Story of All Time
Wirecard will be a compliance and audit training reference point for years to come, says compliance expert Oonagh van den Berg, recounting the warning signs in the years-long lead up to its collapse.
September 18, 2020 -
886Enforcement
ESMA Opens Probe Into Germany’s Wirecard Response
ESMA's fast track assessment will focus on whether BaFin and accounting watchdog FREP properly applied European guidelines on enforcing the reporting of financial information.
July 19, 2020 -
5.6KAML / KYC
UPDATED – Wirecard Fraud: A Timeline of Events
Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.
June 30, 2020
