Read the new CORRECTIV investigation Lebanese businessman Ahmad El Husseini has long helped the German arms industry win business in the Middle East. CORRECTIV have now uncovered that he was involved in brokering a large ammunitions package, which shipbuilder ThyssenKrupp purchased from another German defence company, Rheinmetall – except that Mr. El Husseini acted as […]

INTRO Since the new General Data Protection Regulation (GDPR) came into effect on 25 May 2018, the focus on data is more significant than ever, and the price for companies who fail to protect their data has never been more costly. As it’s not yet been a year since the new regulation came into effect, […]

FRANKFURT (Reuters) – Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, internal documents seen by Reuters show, more than a year after it was fined nearly $700 million for allowing money laundering. In two confidential reviews, dated June 5 and July 9, Germany’s biggest lender […]

Germany’s Federal Crime Office(BKA) has said that it had obtained a copy of the leaked data known as the Panama Papers that last year revealed how offshore firms are used to stash the wealth of the world’s rich and powerful. Some 11.5 million documents from the Panamanian law firm Mossack Fonseca were leaked to a […]

BaFin updates information regarding the transition period for new video identification procedures On 11 July 2016, BaFin announced that it is to suspend its circular 4/2016 (GW)* until the end of 2016. Currently, the authorities are developing concrete provisions for adequate and practical safety requirements for the video identification procedure. Now BaFin gives notice that […]