Anti-Financial Crime & Financial Crime Compliance
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NEWS: Germany to finally outlaw cash for property transactions as Berlin’s AML efforts under intense scrutiny

BERLIN: German Chancellor Olaf Scholz addressing the FATF Plenary in Berlin this week

By AML Intelligence Correspondents

GERMANY is preparing to prohibit cash transactions in its property market, Berlin’s finance minister has told anti-financial crime chiefs.

Christian Linder announced the government was preparing new legislation for the real-estate market to step up efforts to fight money laundering and other financial crimes.

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