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German watchdog orders Goldman Sachs to prevent money laundering, terrorist financing

Credit: REUTERS/Lucas Jackson

February 04, 2021 — 07:42 am EST

Written by Arno Schuetze for Reuters ->

FRANKFURT, Feb 4 (Reuters) - Germany's financial watchdog Bafin has ordered Goldman Sachs GS.N to prevent money laundering and terrorist financing, it said on Thursday.

Bafin said it had asked Goldman Sachs to comply with due diligence obligations regarding customers and risk analysis according to anti-money laundering law.

Goldman Sachs was not immediately available for comment.

(Reporting by Arno Schuetze, editing by Kirsti Knolle)

((arno.schuetze@thomsonreuters.com; +49 30220133648;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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