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German Cooperative Financial Group

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2025

    Raiffeisenbank im Hochtaunus lending ban

    BaFin prohibited Raiffeisenbank im Hochtaunus from issuing new loans after concerns about its financial position and expansion strategy. The measure followed the bank’s move into online banking and aggressive advertising.

    Source

  2. 2024

    Anti-money-laundering criticism involving Volksbank Düsseldorf-Neuss

    BaFin criticized the Düsseldorf-Neuss institution for inadequate anti-money-laundering controls. Reporting also examined business involving GIC International and alleged links to an Iranian state-associated holding that had been sanctioned by the United States.

    Source

  3. 2024

    Kiabi transfer fraud and supervisory intervention

    A former Kiabi accountant reportedly caused about €100 million of company funds to be transferred to Turkey through an account at Volksbank Düsseldorf-Neuss. Kiabi sought recovery, and the supervisory authority later installed a special representative and replaced the bank’s management.

    Source