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

[February 04, 2021]  FRANKFURT (Reuters) - Germany's financial watchdog Bafin has ordered Goldman Sachs 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)

[© 2021 Thomson Reuters. All rights reserved.]

Copyright 2021 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.