MIL OSI Translation. Region: Germany / Deutschland –
Source: Federal Financial Supervisory Authority BaFin has filed an action against a financial services institute i. S. d. Section 1 (1a) of the German Banking Act (Kreditwesengesetz – KWG) with a decision dated May 20, 2020 based on Section 56 (2) No. 11 lit. b) KWG set four fines totaling EUR 3,000.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.