Bafin issued an order on 11 September 2026 requiring Cadence Growth Capital GmbH to submit contracts with placement agents and other documents necessary to fulfill its customer due diligence requirements under the German Money Laundering Act (Geldwäschegesetz - GwG).
The order is based on the German Money Laundering Act (GwG), specifically addressing compliance with customer due diligence obligations.
This order applies specifically to Cadence Growth Capital GmbH, which must ensure compliance regarding its business relationships with placement agents.
The material does not specify a deadline for compliance with the order.
Bafin's action aims to ensure that Cadence Growth Capital GmbH adheres to its customer due diligence requirements in future business dealings.