Tag: BaFin

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Daily Compliance News

Daily Compliance News: August 1, 2023 – The Accident Waiting to Happen Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

  • Binance founder draws scrutiny from German regulator. (WSJ)
  • Lead FBI agent talks about Householder case. (Columbus Dispatch)
  • US asks SCt to delay Purdue Pharma settlement. (Reuters)
  • eBike for adult or motorcycle for kids: disaster in the offing. (NYT)
Categories
Wirecard

IT Shopping on eBay

Welcome to Season 3 of Lies, Spies & Corporate Crimes: The Wirecard Saga. The Wirecard Saga has become the world’s leading source of all things Wirecard. In Lies, Spies & Corporate Crimes: The Wirecard Saga, Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors, looks at the biggest financial scandal in post-war Germany from a variety of angles. In this episode, Mikhail continues her exploration of those persons, entities, and governments who have been damaged, some beyond repair, by Wirecard and the nuclear fallout from its scandal.

Some of the highlights include:

  • Claims of exculpatory evidence concealed
  • Much is irrelevant to this trial
  • Shopping on eBay
  • Cash to the HedgeHog
  • Shareholder lawsuit struck down
  • Germany’s FIU forgets 100,000 STRs
  • BaFin ups their social media presence
  • Apas punts
Categories
Daily Compliance News

December 31, 2021 the Fog Ahead Edition


In today’s edition of Daily Compliance News:

  • Legislation to take on Amazon productivity algorithms. (Bloomberg)
  • Delaware court rulings that will shape M&A in 2022. (Reuters)
  • Deutsche Bank fined by German regulators for poor internal controls. (WSJ)
  • Foggy regulations challenge crypto. (WSJ)
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Daily Compliance News

February 3, 2021, the Farewell to Holbrook edition

In today’s edition of Daily Compliance News:

  • Germany to create regulator ‘with a bite’. (FT)
  • Tone at the top really does matter. (NYT)
  • Jeff Bezos to step down. (WSJ)
  • Mark Twain Tonight closes. (NYT)
Categories
Daily Compliance News

January 29, 2021, the Say it ain’t so Bonus edition


In today’s edition of Daily Compliance News:

  • Think corruption is victimless crime, think again. (WSJ)
  • Reg freeze impacts AML reforms. (WSJ)
  • FB to sue Apple, say it ain’t so Joe. (NYT)
  • BaFin sues ex-employee for using inside information to engage in insider trading of Wirecard. (FT)
Categories
Daily Compliance News

January 13, 2021, the More BaFin FUBAR edition


In today’s edition of Daily Compliance News:

  • More BaFin FUBAR. (FT)
  • Biden Administration/OECD tax deal in the works. (FT)
  • BA bracing for largest cyber breach claim. (FT)
  • What is the future of private business in China? (FT)
Categories
Daily Compliance News

December 23, 2020-the Break Up BAFin edition


In today’s edition of Daily Compliance News:

  • DOJ sues Walmart for its role in opioid crisis. (NYT)
  • Trump banker at Deutsche departs. (NYT)
  • Rabbit bailing DOJ. (WSJ)
  • FT calls for folding up BaFin. (NFT)
Categories
The Wirecard Saga

Who Watches the Watchers?


Welcome to the latest edition to the Compliance Podcast Network, The Wirecard Saga. In this series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors.  In this episode, we take a deep dive into the conflicts of interest by German regulators who were investing in Wirecard while (allegedly) regulating it, EY clams up, whistleblowers and investigating crimes or not; all in the Who Watches the Watchers edition.
Some of the highlights include:

  • Current events;
  • Head of APAS invests in Wirecard and the Investigative Committee is Astonished;
  • What is a Conflict of Interest after all and does hindsight affords clear vision?
  • EY is certainly economical with the truth;
  • Germany’s two-tier system, drowning in risk pools and regulators don’t read;
  • Whistleblowers galore (but not enough for the 12 Days of Christmas);
  • BaFin-detecting crime is not our remit; and
  • What were all the missed opportunities.