European Union

BaFin Warns Trade Republic Bank Customers of Social Engineering Fraud

Germany's BaFin has issued a warning to customers of Trade Republic Bank regarding social engineering fraud. Scammers are impersonating the bank to trick customers into transferring funds to external accounts or crypto wallets. BaFin advises customers to ignore such requests and contact the bank's official in-app support.

ECB Fines Nordea Finance Finland €2.26 Million for Reporting Breaches

The European Central Bank (ECB) has imposed a €2.26 million penalty on Nordea Finance Finland Ltd for breaching reporting requirements and the large exposures limit over 13 consecutive quarters. The breaches, classified as severe, stemmed from incorrect reporting of guaranteed receivables and deficiencies in internal controls.

EU Official Journal C Series Daily View - March 10, 2026

The EU Official Journal C series for March 10, 2026, includes notices on state aid, visa policy for Georgian nationals, euro exchange rates, agricultural product registration, a special report on energy communities, and initiation of an anti-dumping review for Chinese aluminium flat-rolled products. It also contains decisions to close formal investigation procedures and prior notifications of concentrations.

EU Regulations: Tuna Origin, Child Restraints, Cabo Verde Derogation

The EU has published new regulations effective March 9, 2026. These include a temporary derogation for Cabo Verde regarding preferential origin rules for tuna products and new uniform provisions for the approval of child restraint systems in buses and coaches.

EU Legislation and Regulatory Notices - March 10, 2026

The EU published its Official Journal L series on March 10, 2026, including new regulations and decisions. Key items include amendments to restrictive measures against ISIL/Al-Qaida associated entities, appointment of an EU Force Commander for Red Sea operations, and updates regarding investment facilitation and vehicle regulations.

Digital Markets Act: Gatekeepers Submit Updated Compliance Reports

Six designated gatekeepers under the EU's Digital Markets Act (DMA) have submitted updated compliance reports. These reports detail the measures implemented over the past year to adhere to the DMA's requirements.

Allianz Global Life Designated Activity Company Address Change

Allianz Global Life Designated Activity Company's German branch has officially changed its business address. The notification, issued by BaFin on March 9, 2026, provides the previous and new addresses in Stuttgart.

BaFin Warns of alijz(.)com Website and App

Germany's financial regulator, BaFin, has issued a warning regarding the website alijz(.)com, the app alijzspro, and associated WhatsApp groups. These entities are suspected of offering financial services without authorization, potentially misusing the identity of AL Konzept GmbH & Co. KG.

BaFin Warns Consumers About europecapitalmarkets.com

Germany's financial regulator, BaFin, has issued a warning regarding the website europecapitalmarkets.com. The website is suspected of offering banking and/or financial services without the required authorization from BaFin, posing a risk to consumers.

BaFin Audits Gerresheimer AG Financial Statements

Germany's BaFin has expanded an audit of Gerresheimer AG's 2023/24 financial statements and initiated a new audit of its interim financial statements as of May 31, 2025. The audits are investigating potential misstatements in risk assessments, asset impairment, revenue recognition, lease liabilities, and development costs.