Tag: Bafin
Implementation of fee rulings: BaFin warns banks after complaints
Status: 10/26/2021 3:55 p.m. The financial supervisory authority BaFin has urged the banks to implement a ruling by the Federal Court of Justice that has serious consequences for the credit…
Consumers: Fee judgment: Bafin demands fast implementation from banks
consumer Fees judgment: Bafin demands fast implementation from banks Bafin relies on transparency for bank customers. Photo: Boris Roessler / dpa © dpa-infocom GmbH The Federal Financial Supervisory Authority (BaFin)…
The insurance start-up Getsafe receives Bafin approval. – Business
Traditional insurers actually believed they had repulsed the attack by newcomers. Most of the startups either cooperate with them or have disappeared. But now the Getsafe company is receiving approval.…
Bafin reform: why fear-free financial supervision is needed – economy
One cannot overestimate what the new head of the financial supervisory authority Bafin has said these days about the new self-image of the Bonn authority: The supervisory authority needs a…
Financial supervision BaFin: The paper tiger now has teeth
analysis Status: 10/13/2021 5:45 p.m. The financial supervisory authority BaFin, once ridiculed as the “toothless tiger”, is promoting trust with a new boss, more staff and expanded responsibilities. The renovation…
N26: Alleged fraud allegations – Economy
from Jan Diesteldorf and Alexander Hagelüken Sometimes a supposed employee of your own bank calls and convinces the customer to transfer money to a certain account. Sometimes the customer pays…
Money laundering – Bafin tackles two banks – economy
The financial supervisory authority Bafin is taking action against two offshoots of foreign credit institutions. On the one hand, the bank guards are examining a subsidiary of the Russian VTB…
Fight against money laundering: BaFin reprimands Russian bank VTB
As of: October 8th, 2021 2:32 p.m. The financial supervisory authority BaFin has suspected the Frankfurt-based subsidiary of the Russian VTB Bank of not taking sufficient care against money laundering…
Smartphone bank N26 pays millions for money laundering failures – economy
Time is short every time something strikes a bank as weird. Money houses only have 72 hours to report suspected money laundering. In cases of fraud, for example, with strange…
Banking regulation: Germany leaves – economy
The EU Commission is currently working on a stricter law for the banking sector. It is about the lessons of the 2008 financial crisis, when politicians and experts alike were…