Latest Breaking News On - Comdirect bank - Page 1 : comparemela.com

Germany's financial authority has imposed a €1.45 million ($1.54 million) fine on Commerzbank due to the bank's inadequate efforts to prevent money laundering. Commerzbank and its online subsidiary Comdirect Bank, which the bank fully acquired in 2020, had violated their supervisory duties, the Federal Financial Supervisory Authority (Bafin) announced on Monday. "As a result of insufficient supervision, employees violated money laundering obligations by not updating customer data in a timely man

Comdirect bankFinancial supervisory authority bafinFederal financial supervisory authorityFederal financial supervisory authorityFinancial authorityMoney launderingSupervisory duties