Tag: BaFin

Financial criminals are often reported in the press long before their names appear on sanctions or politically exposed persons (PEP) lists. This is why...

Germany’s financial regulator BaFin has introduced a new digital procedure for the prior notification of appointments, changes, or dismissals of money laundering officers (Geldwäschebeauftragter)...

Europe’s payments market remains fragmented despite ongoing efforts to harmonise rules across the bloc, creating persistent challenges for FinTechs looking to scale cross-border. Divergent...

As regulatory scrutiny in the asset management sector intensifies, Zeidler Group is stepping up with an AI-powered solution that promises to transform compliance.

The European Securities and Markets Authority (ESMA) recently revealed that ESG-related fund names have a measurable influence on investor behaviour. According to its latest research,...

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.

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...

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

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

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.