BaFin (Federal Financial Supervisory Authority)

BaFin or Federal Financial Supervisory Authority for short takes proactive measures to combat the financing of terrorism and money laundering. It keeps track of financial transactions that are executed without the required authorization. In the case of inevitable insolvency, the Federal Financial Supervisory Authority winds up financial institutions. The primary regulatory body for banks, financial service providers, insurers, and securities traders is the Federal Financial Supervisory Authority with objective to safeguard the German financial center's integrity, stability, and functionality while defending the interests of all customers and building trust in the process.