Tag: Deutche Handelsbank

Finally! BaFin orders Deutsche Handelsbank to implement appropriate AML procedures

BaFin tamir - November 25, 2020

Deutsche Handelsbank has appeared as a payment processor in many binary options and broker scams. Moreover, the BaFin-regulated institution is a correspondent bank and partner of other regulated payment processors such as MoneyNetint, which also support scams. EFRI has filed a corresponding complaint to BaFin. The German regulator has now officially ordered Deutsche Handelsbank to implement appropriate AML measures to prevent money laundering and terrorist financing.

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