The Council of Europe Group of States against Corruption published a report examining Germany’s efforts to implement recommendations for preventing corruption and promoting integrity in central government functions and law enforcement agencies.
The governments of several EU member and non-EU countries issued a joint statement on the termination of the Instrument in Support of Trade Exchanges.
Midweek Roundup: US Prosecutors Assemble Case Against SBF, Russia Seeks Help in Avoiding Blacklist, and More
Scotiabank exits AML enforcement action, Japan eyes stronger AML rules for cryptocurrency, and more, in the midweek roundup.
European AML Enforcement Plateaued Last Year
Enforcement of anti-money laundering rules trended slightly downward in Europe in 2022, but blockbuster, financial crime-related criminal penalties and settlements in France and the United Kingdom buoyed the overall drop in AML regulatory actions.
Weekly Roundup: Israel Links Binance Wallets to Islamic State Group, FDIC Pursued AML Action Against Signature Bank, and More
Weekly Roundup: Hunter Biden Wants SAR Leak Investigation, FinCEN Bolsters BSA Database Safeguards, and More
Germany’s Federal Financial Supervisory Authority, BaFin, issued a financial penalty against flatexDEGIRO Bank AG for deficiencies related to internal controls, supervisory reporting, and anti-money laundering.
The Federal Financial Supervisory Authority of Germany ordered the Hessen, Germany-based bank to implement adequate internal anti-money laundering and counterterrorist financing controls.
|Compliant : 17||High : 0|
|Largely Compliant : 18||Substantial : 4|
|Partially Compliant : 5||Moderate : 7|
|Non-Compliant : 0||Low : 0|
|Rank : 107/141|
|Score : 4.42/10|
|Rank : 9/179|
|Score : 80/100|
|Rank : 14/133|
|Score : 52/100|