Banken: Bafin verhängt Bußgeld gegen Volksbank Düsseldorf Neuss
210.000 Euro Strafe muss die Bank für Versäumnisse bei der Geldwäscheprävention zahlen. Das Institut war bereits in einen Betrugsfall verwickelt.
The German financial watchdog Bafin imposed a fine of 210,000 euros on the Volksbank Düsseldorf Neuss, which recently merged with Volksbank Krefeld. The penalty stems from deficiencies in their anti-money laundering prevention efforts, as reported in a statement on Thursday. According to Bafin, the bank failed to continuously monitor business relationships in the past, did not obtain additional information on business relationships, did not subject business relationships to enhanced monitoring, and either did not report or delayed reporting money laundering suspicion alerts.
The former Volksbank Düsseldorf Neuss is part of a group of institutions that have required support from the Federal Association of German Volksbanks and Raiffeisenbanks' emergency fund in recent years. The institution was involved in a fraud case and had previously admitted shortcomings in their anti-money laundering prevention efforts.
A spokesperson for Volksbank Düsseldorf Krefeld Neuss, which has absorbed the merged institution, declined to comment on Bloomberg News' request for a statement on Thursday. Bafin noted that the bank had outsourced the role of anti-money laundering officer to an external service provider that had served multiple clients in this capacity.
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