The Swiss structured products specialist must remedy deficiencies in the prevention of money laundering.
The German Federal Financial Supervisory Authority (BaFin) has issued an order to Leonteq Securities (Europe) urging the Swiss structured products specialist to remedy deficiencies in its precautions to prevent money laundering and terrorist financing. Leonteq is committed to a strict risk management and compliance framework and regrets the deficiencies identified in its German subsidiary - Leonteq spokesperson ‘Serious deficiencies were identified, among other things, in the outsourci