Germany’s financial regulator BaFin has ordered a subsidiary of Bitcoin Group (ADE) to correct some deficiencies in internal anti-money laundering measures.
According to a memo sent to the group’s Futurum Bank subsidiary in October and made public yesterday, BaFin was responsible for its internal security measures, due diligence obligations and suspicious activity reporting system. “serious deficiencies” He said he detected it.
According to Reuters, Bitcoin Group released a statement today and said that it was taking measures to correct the deficiencies.
In the company’s statement, “Bitcoin Group clearly underlines that there is currently no indication of violations of money laundering and terrorist financing laws within the Group.” It was said.
Bitcoin Group made headlines last year when it agreed to acquire Munich-based Bankhaus von der Heydt, one of the world’s oldest banks.