Erscheinung:17.04.2025, Stand:updated on 25.04.2025 | Topic Measures Announcement
On 3 April 2025, BaFin imposed administrative fines amounting to EUR 520,000 on UmweltBank AG.
The sanction related to breaches of section 81 (1) sentence 2 no. 1 (a) of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) in conjunction with section 80 (1) of the WpHG in conjunction with Article 22 of Delegated Regulation (EU) 2017/565 and section 81 (3) of the WpHG.
UmweltBank AG’s compliance function was understaffed from 2020 to 2023.
UmweltBank AG did not make the compliance report for 2021/2022 available in full to the management.
The company may lodge an appeal against the administrative fine order.
Update (25.04.2025):
The administrative fine order is final and binding.
