German watchdog orders Goldman Sachs to prevent money laundering, terrorist financing
A Goldman Sachs sign is seen above the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York on January 24, 2014. File Photo: Reuters/ Lucas Jackson
Germany's financial watchdog Bafin has ordered Goldman Sachs to prevent money laundering and terrorist financing, it said on Thursday.
Bafin said it had asked Goldman Sachs to comply with due diligence obligations regarding customers and risk analysis according to anti-money laundering law.
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