By ALISHA HOULIHAN for AMLi
GERMANY’s new €700M AML super-agency, the Federal Bureau of Financial Intelligence (FBFI) will be staffed by 1,700 officials and be based across two cities, according to a new draft law.
The new office, which will be up and running next year, will centralize monitoring and analysis of money laundering and sanctions enforcement.
The almost 2,000 employees, will be located in offices in Dresden and Cologne, a finance ministry spokesperson said.
Germany’s finance ministry, which is spearheading the formation of the agency is budgeting more than €700M ($775.60 million) towards its implementation between 2024 and 2027, according to
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