GERMANY’s financial regulator ordered Helaba to address deficiencies in its customer due diligence processes. Bafin said on Monday that the state-owned bank had gaps in customer identification and in the verification and updating of customer data. The bank’s risk analysis and transaction monitoring were also affected. BaFin has also ordered Helaba to provide ongoing reports on…
Subscribe now to have unlimited access
With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
