Compliance is not a “nice-to-have” – BaFin once again takes a firm stance: LPA keeps you on the safe side
Frankfurt am Main, 29 April 2025 – Germany’s Federal Financial Supervisory Authority (BaFin) has once again sent a strong signal to market participants: by imposing substantial fines and stringent organisational requirements on AKBANK AG, the regulator has made it clear just how critical regulatory compliance is in securities and fund administration.
In total, fines exceeding EUR 430,000 were imposed, due to serious breaches of key provisions of the German Securities Trading Act (WpHG), the Market Abuse Regulation (MAR) and Delegated Regulation (EU) 2017/565. Notably, AKBANK AG failed to implement effective measures against insider trading and market manipulation – a significant violation of Section 83(5) WpHG in conjunction with Article 16 MAR. Furthermore, customers were not informed that telephone recordings would be retained for five years – a clear breach of regulatory transparency obligations.
In addition, based on the German Banking Act (KWG) and the German Anti-Money Laundering Act (GwG), BaFin ordered wide-ranging organisational remediation, including the appointment of a special commissioner, increased capital requirements, and regular progress reporting. These developments underscore one essential truth: compliance with supervisory requirements is not optional – it is mission-critical for custodians and financial institutions alike.
LPA – Your RegTech partner for future-proof compliance
As one of Europe’s leading RegTech providers, LPA Lucht Probst Associates stands for intelligent automation in regulatory reporting and securities processing. Our digital solutions ensure that asset managers, custodians and banks not only meet their statutory obligations, but also implement them sustainably and in an audit-proof manner – in line with Article 76(8) of Delegated Regulation (EU) 2017/565, Section 25a KWG or Section 60b KWG.
Whether you are navigating ESMA, BaFin, MAR or MiFID requirements, our reporting and monitoring solutions ease the burden on your teams while reducing the risk of costly sanctions. Automated control processes, transparent audit trails and seamless integration into your IT landscape – this is compliance, made by LPA.
Struggling to meet supervisory requirements?
Get in touch with us! We support you with expertise, technology and industry insight – so that you can focus on your core business, free from regulatory pitfalls.
LPA Lucht Probst Associates – “Making Regulation Work.”
