Commerzbank identified major money laundering risks at Wirecard months before collapse - and even warned Germany's finance watchdog of AML concerns - AML Intelligence
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Commerzbank identified major money laundering risks at Wirecard months before collapse – and even warned Germany’s finance watchdog of AML concerns

Commerz bank warned by Bafin of Wirecard money laundering risks

MONEY laundering risks were the reason one of Germany’s biggest banks, Commerzbank began unwinding its relationship with Wirecard – months before the collapse of the scandal-ridden payments group, it’s been revealed.

Commerzbank even warned Germany’s financial regulator BaFin about money laundering risks at Wirecard in early 2020, it was revealed today.

BaFin confirmed in a statement that it had been briefed by Commerzbank about money laundering risks at Wirecard.

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