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Commerzbank fined €1.45m in Germany for CDD breaches

BaFin, the German financial services regulator, has ordered Commerzbank and its comdirect Bank arm to pay a €1.45m (US$1.55m) penalty for customer due diligence failings.

BaFin, the German financial services regulator, has ordered Commerzbank and its comdirect Bank arm to pay a €1.45m (US$1.55m) penalty for customer due diligence failings.

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