Coindesk
6 months agoCryptocurrency
Bitcoin Group Addressing 'Serious Deficits' in Money Laundering Measures Flagged by German Regulator
German financial regulator BaFin has ordered a subsidiary of Bitcoin Group to address shortcomings in its anti-money laundering measures.
BaFin identified serious deficits in internal security measures, due-diligence obligations, and the suspicious-activity reporting system at Futurum Bank.
Bitcoin Group is taking measures to address the deficiencies. [ more ]