Compliance & Anti-Financial Crime
Leadership | Insight | Network

AML, Banking, CFT, EU, EU/Europe, Schuman

ANALYSIS: Europe’s strongest economy Germany struggles in €100BN AML battle with too few investigations and patchy regulation, FATF reveals

By Elizabeth Hearst & Stephen Rae for AMLi

THE GERMAN word for anti-money laundering (AML) is ‘Geldwäscheprävention’ and according to experts Berlin is not very good at it.

A report this week from the Financial Action Task Force says Germany is struggling to cope with its AML responsibilities and is carrying out surprisingly few financial crime (FinCrime) investigations.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!