The lettering and the logo of “Commerzbank” can be seen on a sign in front of the Commerzbank headquarters. Sebastian Gollnow/dpa 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 […]
WASHINGTON (AP) — The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system. The Treasury Department’s Financial Crimes Enforcement Network — known as FinCEN — proposed a regulation on Tuesday that would require […]