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BaFin Fines flatexDEGIRO €1.05M with Orders to Fix Supervisory Controls

BaFin Fines flatexDEGIRO €1.05M with Orders to Fix Supervisory Controls

Germany's Federal Financial Supervisory Authority, locally known as BaFin, has slapped a EUR 1.05 million fine on publicly-listed online broker operator flatexDEGIRO Bank AG for violating banking supervisory regulations.

flatexDEGIRO Faces €1.05 Million Penalty

The regulatory order further directs the company to eliminate the "serious lapses" in its internal control around supervisory reporting and anti-money laundering measures. Read More

Posted: Feb 27 2023, 11:07
Author Name: financemagnates
Views: 1101100

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