By
Kyle Brasseur2023-10-20T17:45:00
Deutsche Bank was assessed a penalty of 170,000 euros (U.S. $180,000) by Germany’s financial supervisory authority for failing to timely submit suspicious activity reports (SARs).
BaFin announced the fine Thursday, noting the reports related to suspected money laundering. The fine total was comprised of five penalties, as determined in the regulator’s March decision.
A link to BaFin’s decision could not be found on its website.
2024-05-22T18:31:00Z By Aaron Nicodemus
Germany’s financial supervisory authority issued a fine of €9.2 million euros against mobile bank N26 for “systematically” submitting late anti-money laundering reports.
2024-03-20T15:44:00Z By Kyle Brasseur
Deutsche Bank was assessed a penalty of €50,000 (U.S. $54,000) by Germany’s financial supervisory authority for its alleged miscommunication of a 2023 information technology security incident.
2023-01-18T22:18:00Z By Aaron Nicodemus
Deutsche Bank named Laura Padovani to be its next group chief compliance officer and head of compliance, effective April 1. She will replace Pascal Tagné, who will become the bank’s head of compliance for the Asia Pacific region.
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It has been nearly six months now since the Department of Justice’s (DOJ) Criminal Division released its memorandum on the selection of compliance monitors. This article provides a critical analysis of the monitorships that received early terminations, those that remain in place, and the broader compliance lessons they impart.
2025-10-23T20:07:00Z By Oscar Gonzalez
The founder of crypto exchange Binance, Changpeng Zhao, received a pardon from President Donald Trump. This pardon comes almost two years after Zhao signed a plea agreement and was sentenced to a four-month prison sentence.
2025-10-23T18:57:00Z By Adrianne Appel
A former Wells Fargo risk officer previously ordered to pay $10 million by the Department of the Treasury’s Office of the Comptroller of the Currency (OCC) for her alleged role in the bank’s “fake accounts” scandal is completely off the hook, according to an OCC consent order issued Tuesday.
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