Topic Measures 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).
To monitor the implementation of the ordered measures, BaFin has appointed a special representative in accordance with section 45c (1) in conjunction with section 45c (2) no. 6 of the German Banking Act (Kreditwesengesetz – KWG). The special representative is to report on and assess the progress of the implementation.
This information is published on the basis of section 57 of the GwG (with regard to the orders) and section 60b of the KWG (with regard to the appointment of the special representative).
The notice became final on 21 September 2018.