HKMA fines Commerzbank for anti-money laundering lapses

German banking giant failed to conduct required checks on 17 customers between 2012 and 2016


The Hong Kong Monetary Authority slapped a HK$6 million (US$765,000) fine on the local branch of Commerzbank for breaches of anti-money laundering laws

The disciplinary action came after Hong Kong’s de facto central bank had completed an investigation into the bank, the HKMA said in a statement on August 26.

The probe showed that between April 2012 and June 2016, Commerzbank had failed to carry out required checks on 17 customers before establishing business relationships with them. Delays of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account