BaFin | Certain Risk

Zurich, Switzerland - October 26, 2013: Bank Julius Baer in the Swiss financial center. Julius Baer Group is a Swiss private banking group, which offers mainly wealth management and investment consultancy.

Julius Baer Ordered to Rehire Staffer Who ID’d Potential Sanctions Violations

A German labor court has ruled that Julius Baer Group’s Frankfurt arm wrongly dismissed a manager who had raised internal concerns about alleged sanctions violations linked to the onboarding of clients from Iran and Russia.

Unknown man walks into the beautiful glass office of Deutsche Bank

Deutsche Bank Self-Reports Possible Russia Sanctions Violations

Deutsche Bank has alerted financial regulators of potential breaches of EU sanctions rules involving Russian clients after discovering that its retail unit had accepted deposits of more than €100,000 from individuals subject to the bloc-wide prohibitions.

Germany’s Wirecard Scandal Isn’t Going Away. It’s Metastasizing.

German authorities have uncovered an alleged €300-million payments fraud that has drawn in former staff and executives at several payment companies, deepening the sector’s long-running crisis years after the collapse of Wirecard.

Jamie Dimon, CEO of JPMorgan Chase, responding to a question at a conference — “Jamie Dimon, CEO of JPMorgan Chase” (2013) by Steve Jurvetson, via Wikimedia Commons, licensed under Creative Commons Attribution 2.0 Generic (CC BY 2.0). Edited from the original; changes made.

Germany’s BaFin Hits JPMorgan with Record €45mn AML Fine

Germany’s financial watchdog BaFin has imposed a record €45-million penalty on JPMorgan Chase for shortcomings in anti-money laundering (AML) controls, the Financial Times reported, citing the supervisory body.