Erscheinung:04.03.2025 | Topic Measures Announcement
On 4 February 2025, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) imposed administrative fines amounting to EUR 23,050,000 on Deutsche Bank AG.
The sanction related to breaches of section 80 (1) sentence 2 no. 1 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) and section 130 (1) of the German Act on Breaches of Administrative Regulations (Ordnungswidrigkeitengesetz – OWiG) in conjunction with section 83 (3) sentence 1 of the WpHG as well as section 22 and section 23 (1) of the German Payment Accounts Act (Zahlungskontengesetz – ZKG).
Deutsche Bank AG failed to take appropriate steps to ensure continuity and regularity in the performance of investment and ancillary investment services.
Postbank – a branch of Deutsche Bank AG – failed at times to record the content of telephone conversations for the purpose of preserving evidence when providing services relating to the reception, transmission and execution of client orders.
Postbank – a branch of Deutsche Bank AG – did not meet its obligation to provide switching services in 53 cases.
The administrative fine order is final and binding.
