Technology: billion fine for financial companies because of messenger services

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Unregulated communication via messenger services such as WhatsApp has a number of large banks and financial companies in the USA. The 16 companies will pay a total of $ 1.1 billion (almost 1.15 billion euros), as the US stock exchange regulator SEC announced. Among other things, Barclays Capital, Goldman Sachs, Morgan Stanley and Deutsche Bank securities each pay $ 125 million.

Der Sitz der US-Börsenaufsicht SEC in Washington. © Andrew Harnik/AP/dpa The seat of the US stock exchange supervision SEC in Washington.

"Deutsche Bank has fully cooperated with the supervisory authorities on this industry -wide topic," said a spokesman for the largest German money house in Frankfurt. «The bank has also introduced new technical solutions for text and chat messages that are easy to use and are in accordance with the legal requirements. We will further expand these solutions to meet the expectations of the supervisory authorities and our customers. »

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The financial effects of the agreement now achieved with the US stock exchange supervision had already been completely taken into account as of June 30, Deutsche Bank said: "We therefore do not expect any effects on our result in the 3rd quarter".

SEC: Trust of the market damaged

employees of the financial institutions had exchanged business affairs via messenger apps. The US authorities saw this a serious violation of the rules, since the companies could not archive communication in the encrypted services as prescribed. SEC boss Gary Gensler criticized that the financial companies had damaged the trust of the market. Already at the end of last year, the U.S. Großbank JPmorgan was imposed on a total of $ 200 million after the investigation. According to

, according to media reports, the German financial supervision Bafin is currently getting an overview of the extent to which employees of German money houses use private means of communication such as WhatsApp for business purposes. The authority has approached several domestic banks with inquiries, according to financial circles. If employees use WhatsApp, signal or similar services, it can happen that banks have no access to business communication there. Employees could also delete them.

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