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BREAKING: Germany’s FIU chief Schulte resigns as it’s revealed FATF was not told of 100,000 unprocessed SARs; scandal may affect Germany’s bid for AMLA

Screenshot: How Der Spiegel has reported the matter

By Elizabeth Hearst for AMLi

The Head of the German FIU’s AML division has resigned over “personal reasons”, as the body tackles intense criticism. 

According to a letter from the Federal Ministry of Finance to the Finance Committee of the Bundestag, Mr Schulz asked to be “released” from his role and to be “transferred” elsewhere, due to “personal reasons.”

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