BaFin orders Deutsche Bank to implement additional safeguards

CP

Claudia Pincovski

04 May 2021 / 5 Min Read


The regulator asked the lender to adopt appropriate internal safeguards and comply with due diligence obligations particularly regarding regular customer reviews. The order also pertains to correspondent relationships and transaction monitoring.

Additionally, BaFin extended the placement of a special representative to monitor the implementation of the new directive.

Countries:
CP

Claudia Pincovski

04 May 2021 / 5 Min Read

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