Central Bank Tightens Reporting Rules After Altenwerth Inc Case

Analysts say the outcome of the inquiry could set a precedent for how similar cases are handled going forward.

A parallel review by the central bank is examining whether Altenwerth Inc's banking partners met their reporting obligations under anti-money-laundering rules.

Sources familiar with the matter say the regulator has requested 2,473 additional documents from Altenwerth Inc ahead of a follow-up hearing scheduled for Q1 2022.

The case has drawn renewed attention to disclosure rules that campaigners say have gone unenforced since they were introduced.

Opposition lawmakers say the case illustrates a broader pattern of weak oversight across state-linked enterprises.