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Germany's financial regulator Bafin is undertaking a major structural reorganization to intensify supervision of anti-money laundering, counter-terrorism financing, and cyber risks across the financial sector. The authority is creating a new specialized Anti-Financial-Crime division and reallocating approximately 30 additional positions to high-risk areas, signaling heightened scrutiny for financial institutions. What does this mean for compliance frameworks and audit preparedness in the German banking sect

The Supreme Tax Court has rejected a tax auditor demand for details of payments to or from bank customers in order to facilitate checks on their tax honesty.

The Bavarian Data Protection Authority (‘Bavarian DPA') audited major Bavarian websites for their use of tracking tools on Safer Internet Day.