Germany says FinCEN money laundering revelations are not new
Holger Hansen and Andreas Rinke, 21 September 2020
BERLIN (Reuters) – Germany’s finance ministry said on Monday that a slew of news reports about money laundering among global banks including Deutsche Bank DBKGn.DE did not appear to contain revelations which were unknown.
“To the best of our knowledge, the cases with a German connection have been dealt with and the necessary consequences have been drawn,” a spokeswoman said.
German regulator BaFin is a unit of Germany’s Finance Ministry.
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Germany bans naked short-selling
Holder Hansen, Andreas Rinke
Reuters, 18 May 2010
Germany, in an attack on the financial speculation on which it blames much of the euro zone’s debt crisis, on Tuesday announced a ban on some high-risk bets that prices of bonds and stocks will fall.
Analysts, however, were skeptical that Germany’s surprise move to ban some trades in a strategy known as naked short selling could be effective in taming market volatility, with one saying it suggested “desperation.”
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