German watchdog orders Goldman Sachs to prevent money laundering, terrorist financing By Reuters

© Reuters. FILE PHOTO: Goldman Sachs sign is seen above floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York

FRANKFURT (Reuters) – Germany’s financial watchdog Bafin has ordered Goldman Sachs (NYSE:) to prevent money laundering and terrorist financing, it said on Thursday.

Bafin said it had asked Goldman Sachs to comply with due diligence obligations regarding customers and risk analysis according to anti-money laundering law.

Goldman Sachs was not immediately available for comment.

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