INSIGHT: Germany is a ‘paradise’ for money launderers claim as country's lax AML regimes and regulations come under scathing criticism - AML Intelligence
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INSIGHT: Germany is a ‘paradise’ for money launderers claim as country’s lax AML regimes and regulations come under scathing criticism

By Elizabeth Hearst for AMLi

Germany has been labelled a “paradise” for money launderers owing to its “non-transparent financial sector, poor supervision, unclear responsibilities of the authorities and inevitably ineffective prosecution.”

The highly critical description of Germany is carried in its most prominent current affairs magazine, Der Spiegel.

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