Tagged: BaFin

21/08/2024

Germany’s BaFin Seizes 13 Unauthorized Cryptocurrency ATMs in Nationwide Crackdown

Germany’s financial regulator BaFin seizes 13 illegal cryptocurrency ATMs in a nationwide operation targeting money laundering risks, with operators facing up to five years in prison. Bollywood Fever: Germany’s Federal Financial Supervisory Authority (BaFin)...

Business

22/04/2024

BaFin Fines Commerzbank €1.45 Million for Anti-Money Laundering Failures

German financial regulator BaFin has imposed a fine of 1.45 million euros ($1.55 million) on Commerzbank for failing to adhere to anti-money laundering regulations, it announced on Monday. The fine relates to violations involving...