Anti-Financial Crime & Financial Crime Compliance
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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.

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