report of suspicious activity)

Banks in Germany are obliged to report to the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) if EX ANTE or EX POST there are indications that transactions violate the prohibition of insider transactions or market manipulation. Reporting a suspicion is an original obligation of an institute which differs from other legal requirements such as the obligation to notify the relevant authorities about a crime or an offence, for which it is possible to prevent or limit the effects. – Cf. BaFin Annual Report 2005, pp. 165 f. (here also explanations), BaFin Annual Report 2006, p. 136 (report by an employee leads to special audit), pp. 165 f. (origin of reports; overview), BaFin Annual Report 2009, p. 178 f. (number of suspicious activity reports increasing), and the respective BaFin Annual Report, chapter “Supervision of Securities Trading and Investment Business.”