• DE
  • FR
  • EN
Phone +49 (0) 6171 - 95 598 0
CURENTIS Banking - Consulting and Innovative Digitalization
  • Start
  • Consulting
    • Overview
    • Regulatory Reporting
    • Anti-Financial Crime
    • Sustainable Banking
    • Project Services
    • Information Security
    • AFC Factory
  • Products
    • Overview
    • Docu-CHECK
    • YourSupplyCHECK
    • YourKYCplus
    • YourBauFiplus
    • YourDORACHECK
  • Regions
    • Germany
    • Luxembourg
    • Switzerland
  • Training
    • Overview
    • Anti-Financial Crime
    • Regulatory Reporting
    • Sustainable Banking
    • CURENTIS Seminars
  • Career
  • About us
    • Management
    • Sustainability
    • Partner
    • Locations
    • Code of values
  • News
    • News
    • Publications
  • Search
  • Menu Menu

Fine & ban on new customers - BaFin intervention at Unzer E-Com GmbH

Anti-Financial Crime

Following a special audit ordered by BaFin, various serious deficiencies in the business processes of the payment platform Unzer E-Com GmbH were identified. In addition to trading with dummy companies and connections to customers who are involved in gang-related fraud, the BaFin's far-reaching measures were prompted in particular by the inadequate implementation of obligations under money laundering law and the incomplete transaction monitoring.

Unzer is a payment institution and is accordingly subject to BaFin supervision. The company mainly acts as a payment platform for over 70,000 merchants and generated 176 million euros in revenue last year. BaFin's special audit was to examine whether sufficient precautions against money laundering had been established.

BaFin's measures include the ban on new customers with immediate effect, which restricts the company's business to existing customers. In addition to the payment of a fine of 350,000 euros, the appointment of a special BaFin representative will in future serve to monitor the rectification of the deficiencies and document its progress. Initial changes within the corporate structure and development have already been implemented through a new advisory board, which will serve as an advisor in the compliance area, among other things.

From the point of view of CURENTIS AG, it is not only necessary to sharpen transaction monitoring using concrete indicators and controls, but also to optimize the know-your-customer processes. Only by carrying out periodic, event-independent KYC measures during the course of a business relationship will Unzer be able to check its registered merchants, fulfill its due diligence obligations and minimize its own risk of involvement in money laundering.

October 11, 2022
Share entry
  • Share on Facebook
  • Share on X
  • Share on LinkedIn
  • Share by email
https://curentis.com/wp-content/uploads/2022/10/internet.jpg 964 1920 julian.schlosser@curentis.com /wp-content/uploads/2022/02/logo-2-2-1.png julian.schlosser@curentis.com2022-10-11 08:00:032022-10-10 13:44:53Fine & ban on new customers - BaFin intervention at Unzer E-Com GmbH

Categories

  • General
  • Anti-Financial Crime
  • Project Services
  • Regulatory
  • Sustainable Banking

Archives

  • July 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021

Contact us

Do you have any questions about our activities or would you like to contact us?

Then write to us or give us a call. We will be happy to advise you extensively and find a solution tailored to your requirements.

CURENTIS AG

Experience meets innovation

Frankfurter Landstraße 62a
61440 Oberursel (Taunus)
T: +49 (0) 6171 - 95 598 0

info@curentis.com

    Please enter the code below: captcha

    © Copyright - CURENTIS Banking - Consulting and Innovative Digitalization
    • Contact
    • Imprint
    • Privacy
    Money laundering at Wirecard - New findings about the dubious third-party partn...SV Rot-Weiss Merl is finally the district cup winner again!
    Scroll up

      Request Whitepaper

      Please select desired whitepaper:

      Please enter the code below: captcha

        Request Whitepaper

        Please select desired whitepaper:

        Please enter the code below: captcha