Some issues are relevant for all financial sectors. These include prevention of money laundering, enforcement relating to unauthorised business and uncovering violations of supervisory law.
The UK’s exit from the EU
It is still unclear how the process of the UK leaving the EU will play out. However, BaFin is already following developments closely and responding to the questions and concerns of affected companies.
Internal risk models offer financial companies like credit institutions and insurance companies a tailored and flexible approach to adequate risk measurement and control.
More: Internal risk models …
All companies in the financial sector are expected to have formal business policies to prevent transactions with a criminal background and to work towards detecting and combating such transactions.
More: Prevention of money laundering …
As the competent supervisory authority, BaFin follows up indications for the conducting of unauthorised and prohibited business. It has far-reaching powers of investigation with which to effectively throw light on suspect business.
More: Enforcement relating to unauthorised business …
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