Media report - Bafin apparently initiates special audit at fund provider DWS in connection with greenwashing allegations
6 Articles
6 Articles
According to a media report, the financial regulator Bafin has initiated a special audit of the fund provider DWS.
Apparently, an executive from Deutsche Bank's investment company helped trigger a special audit by the financial supervisory authority. There is one question at the center of this.
The new ECGT Directive strengthens consumer protection and sets standards for transparent environmental claims
The investment company DWS has already had to pay a fine because it made itself look greener than it actually is. A new investigation by the financial regulator now raises the suspicion that sustainability is the main focus of advertising.
The financial regulator Bafin is conducting a special audit of Deutsche Bank and its fund subsidiary DWS. The bank has apparently not yet dealt with the issue of money laundering, and at DWS, allegations of greenwashing are the trigger.
In the US and the European Union, greenwashing grew in 2024, to the point that it generated fines for more than $484 million
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