Articles with tag: bafin

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The Wirecard scandal - how digitalisation can be marshalled to tackle money launderers

23 Jul 2020 | Digital Identity, Security & Online Fraud

In the future, banks that are not as internationally networked in money laundering prevention as the perpetrators will remain easy to outsmart

HAWK:AI, AML, CFT, FIU, financial crime, money laundering, Tobias Schweiger, AI, machine learning, digitalisation, fraud prevention, Wirecard scandal, FATF, Bafin, Germany, Wirecard Bank

Brussels to investigate German regulator over Wirecard

26 Jun 2020 | Payments General

Brussels has announced it will call for a probe into whether Germany-based banking regulator BaFin failed in its supervision of Wirecard.

Brussels, Germany, Wirecard, BaFin, investor trust, Europe, EU, Valdis Dombrovskis, breach of union law, European Securities and Markets Authority, shares

Germany-based Neufund to stop security token platform development

23 Jun 2020 | Cryptocurrencies

Security token startup Neufund has announced plans to freeze its fundraising campaigns and sideline future tokenised equity offerings, citing regulatory concerns.

Neufund, Germany, security token, startup, Federal Financial Supervisory Authority, BaFin, equity tokens, digital wallets

New Bitcoin exchange-traded product listed on Deutsche Borse

11 Jun 2020 | Cryptocurrencies

ETC Group, a UK-based investment company, has announced plans to list a Bitcoin-backed security on the German electronic trading market later in June 2020.

Bitcoin Exchange Traded Crypto, Xetra, Deutsche Borse, cold storage, BitGo, BaFin, financial institution, Bitcoin, crypto security, Germany, ETC Group

BaFin shuts down Bitcoin ATM operator

09 Mar 2020 | Cryptocurrencies

BaFin, the German financial authority, has shut down the local operation of KKT UG, a Bitcoin ATM operator.

cryptocurrency, ATM, KKT, BaFin, financial, Germany, Bitcoin

BaFin details licensing process for foreign crypto custodians

06 Feb 2020 | Cryptocurrencies

BaFin has released guidance on how the country’s new cryptocurrency custody law will apply to companies that operate outside of Germany but still serve the German market.

BaFin, cryptocurrency, custody law, Bitcoin, AML, crypto exchanges, digital assets, licenses

BaFin publishes joint statement on migration to PSD2-compliant interfaces

17 Oct 2019 | Payments General

Since 14.09.2019, the provisions of the PSD2 and the Delegated Regulation (EU) 2018/389 have applied to the provision of payment initiation and account information services.

PSD2, compliance, payment initiation, account information, BaFin, banks, TPPs, joint statement

German regulator BaFin takes action to enforce bank compliance to PSD2

16 Aug 2019 | Online & Mobile Banking

German Federal Financial Supervisory Authority BaFin has warned banks that it cannot offer fallback exemptions under PSD2 considering the current level of compliance in applications.

German Financial Supervisory Authority, BaFin, PSD2, TPP, ETPPA, Ralf Ohlhausen, TPP accreditation, TPP compliance, PSD2 compliance, European Commission

Bafin approves Bitbond to issue digital bonds

20 Feb 2019 | Cryptocurrencies

Bafin, Germany’s securities regulator, has given the green light to Bitbond, an online lending platform that operates globally, to issue digital bonds.

Bafin, STO, tokens, Germany, cryptocurrency, Bitbond, lending, authorisation

Bafin extends Deutsche monitor mandate over Danske

18 Feb 2019 | Digital Identity, Security & Online Fraud

Bafin, the German financial authority, has extended the mandate of its monitor at Deutsche Bank over the bank’s role in a money laundering scandal involving Danske Bank.

Bafin, money laundering, Danske Bank, money laundering, Deutsche Bank, fund transfers, Germany, fraud prevention, transaction monitoring