BaFin

Topic Measures Publication of measures

Measures BaFin imposes on undertakings subject to supervision under the Insurance Supervision Act (Versicherungsaufsichtsgesetz – VAG) and their senior management

BaFin publishes on its website certain measures and administrative fine decisions imposed on undertakings subject to supervision under the VAG or their senior management. The basis for publication is section 319 (1) of the VAG.

The publication of sanctions including administrative fine decisions aims to generally help prevent breaches by informing the public and market participants what behaviour is considered a breach by BaFin.

Publication of measures and administrative fine decisions on an anonymous basis

Subject to certain conditions stipulated in section 319 (2) sentence 1 numbers 2-3 of the VAG, BaFin publishes measures and administrative fine decisions on an anonymous basis. This applies, for example, if publication would cause disproportionate damage to the undertaking involved.

updated on: 01.01.2016

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Publications on this topic

Maier + Part­ner Ak­tienge­sellschaft: BaFin im­pos­es co­er­cive fines

On 27 September 2018 BaFin imposed coercive fines in the amount of EUR 110,000 on Maier + Partner Aktiengesellschaft.

Pub­li­ca­tion of fi­nan­cial re­ports: Fed­er­al Of­fice of Jus­tice im­pos­es dis­ci­plinary fine against Read­crest Cap­i­tal AG

On 24 January 2018, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2.500 euros against Readcrest Capital AG.

Pub­li­ca­tion of fi­nan­cial re­ports: Fed­er­al Of­fice of Jus­tice im­pos­es dis­ci­plinary fine against VALENS Hold­ing AG

On 14 May 2018, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 2.500 euros against VALENS Holding AG.

Deutsche Bank AG: BaFin or­ders mea­sures to pre­vent mon­ey laun­der­ing and ter­ror­ist fi­nanc­ing

On 21 September 2018, in order to prevent money laundering and terrorist financing, BaFin ordered that Deutsche Bank AG take appropriate internal safeguards and comply with general due diligence obligations. The issued order is based on section 51 (2) sentence 1 of the German Money Laundering Act (Geldwäschegesetz – GwG).

Unit­ed Pow­er Tech­nol­o­gy AG: BaFin threat­ens co­er­cive fines

On 17 September 2018 BaFin ordered United Power Technology AG to comply with the financial reporting requirements pursuant to sections 114 et seq. of the Securities Trading Act (WertpapierhandelsgesetzWpHG) and threatened coercive fines in the amount of EUR 110.000.

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