BaFin

European Arm of VTB, Russia’s Second-Largest Bank, Could Close Within Days
European Arm of VTB, Russia’s Second-Largest Bank, Could Close Within Days
March 03, 2022  |  Banking

Regulators in Germany are preparing for the closure of the European arm of VTB, the second-largest bank in Russia. Get the Full Story Complete the...

READ MORE >
N26 Fined Almost $5M for AML Deficiencies
N26 Fined Almost $5M for AML Deficiencies
September 29, 2021  |  AML

German financial watchdog BaFin blasted online bank N26 for weak anti-money laundering (AML) controls and imposed a 4.25 million euro ($4.93 million) fine on the...

READ MORE >
Bitcoin Daily: Circle Teams With Crypto.com On Digital Asset Availability; India Spends Billions On Crypto
Bitcoin Daily: Circle Teams With Crypto.com On Digital Asset Availability; India Spends Billions On Crypto
June 28, 2021  |  Bitcoin

Crypto.com will make use of Circle‘s APIs in order to allow onramping of fiat funds and letting 10 million customers access USD Coin funds, a...

READ MORE >
Today In Payments: Bitcoin Falls After Tesla Stops Taking Crypto; LendingClub Teams With FinTron For Mobile Banking
Today In Payments: Bitcoin Falls After Tesla Stops Taking Crypto; LendingClub Teams With FinTron For...
May 13, 2021  |  News

In today’s top news, bitcoin fell after Elon Musk said Tesla will no longer take cryptocurrency as a payment form, and LendingClub is partnering with...

READ MORE >
BaFin Appoints Supervisor To Monitor N26’s AML Controls
BaFin Appoints Supervisor To Monitor N26’s AML Controls
May 12, 2021  |  AML

Germany’s main financial regulator, the Federal Financial Supervisory Authority (BaFin), has ordered German neobank N26 to increase its anti-money laundering (AML) efforts, according to an...

READ MORE >
Germany’s BaFin Orders Deutsche Bank To Increase AML Safeguards
Germany’s BaFin Orders Deutsche Bank To Increase AML Safeguards
May 02, 2021  |  AML

Germany’s Federal Financial Supervisory Authority (BaFin), the country’s central financial regulator, has ordered Deutsche Bank to toughen its anti-money laundering (AML) controls, the agency said...

READ MORE >
German Prosecutors To Investigate BaFin Over Wirecard Scandal
German Prosecutors To Investigate BaFin Over Wirecard Scandal
April 12, 2021  |  Regulation

Prosecutors in Frankfurt are opening a criminal investigation into the way Germany’s financial regulatory authority BaFin supervised Wirecard AG, and whether a portion of the...

READ MORE >
Germany’s BaFin Pulls The Plug On Greensill Bank
Germany’s BaFin Pulls The Plug On Greensill Bank
March 03, 2021  |  Banking

Operations were frozen at Greensill Bank after Germany’s Federal Financial Supervisory Authority (BaFin) filed a criminal complaint against the financial startup, the Financial Times reported on Wednesday...

READ MORE >
Today In Payments Around The World: Germany Looks To Bolster BaFin’s Leadership; CMA Tells Viagogo To Sell StubHub’s International Biz
Today In Payments Around The World: Germany Looks To Bolster BaFin’s Leadership; CMA Tells Viagogo...
February 02, 2021  |  News

In today’s top payments news around the world, Germany is looking to strengthen the leadership of its Federal Financial Supervisory Authority (BaFin), while a U.K....

READ MORE >